Browse Forums Home Finance Re: Home Loan Balance 2Feb 19, 2010 8:33 am 2nd build here we come in Whittlesea! https://forum.homeone.com.au/viewtopic.php?f=31&t=92617 1st Build - Henley - Cooper in Doreen! (2009) https://forum.homeone.com.au/viewtopic.php?f=31&t=17354 Re: Home Loan Balance 6Feb 19, 2010 11:28 am ---------------------------------------- Building the PD Lisbon 24 http://www.porterdavis.com.au/#homeviewer/lisbon/24 Blog of our progress. http://lisbon24.blogspot.com/ Homeone build thread https://forum.homeone.com.au/viewtopic.php?f=31&t=28665 Re: Home Loan Balance 9Feb 22, 2010 12:53 pm mdzzj It depends on the type of loan, they may say your can borrow up to $300k but they will still only lend you a percentage of what your land and building contract value at. I hope that makes sense for instance if your land is valued at $100k and your building contract is $150k they will not pop the extra $50k in your bank Excellent answer mdzzj, if I may say so. Re: Home Loan Balance 10Mar 30, 2010 10:24 pm So what happens if, our loan was approved for $400k which includes the costs for airconditioning ($10k). If we then decide to pay the ac installer by cash upon completion, what happens to the $10k of un-used loan? Will our final loan be adjusted to $390k? or will the bank pop the $10k into out account and leave the final loan amount unchanged at $400k? 12 March 2010 - Land titles received 3 April 2010 - Signed building contract 14 April 2010 - Prestart 28 April 2010 - Loan approved 30 June 2010 - Slab completed 27 August 2010 - Brickwork completed 22 September 2010 - Roofing completed 30 September 2010 - Internal walls plastered 12 October 2010 - Lock Up 19 November 2010 - PCI 26 November 2010 - Handover 29 December 2010 - Moved In https://forum.homeone.com.au/viewtopic.php?f=31&t=32584 The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 20204 Hi there, I hope someone can give me some insight into a (very lucky) situation I'm dealing with. My Mum was gifted property by my grandfather after he passed. My… 0 964 |