Construction Loan


	Construction Loan JETT [30 Posts] Submitted by JETT on October 13, 2006 - 1:25pm. Joined: 03/12/2005 Hi, Could someone tell me. Does the bank that holds the mortgage on the land have tobe the bank I use to obtain the contruction loan from? Thanks login or register to post comments Qlds007 [9178 Posts] October 13, 2006 - 2:24pm Joined: 23/08/2003 Hi there The simple answer is YES. Whilst lenders do take 2nd mortgages i am unaware of any that will take a 2nd mortgage durting construction. Cheers Richard Taylor Residential & Commercial Finance Broker. Licensed Financial Planner. Ph: 07 3720 1888 richard@tayloredfinancialsolutions.com.au JETT [30 Posts] October 13, 2006 - 2:43pm Joined: 03/12/2005 Thanks Richard Previous Topic HTW valuing in Broken HIll Next Topic Financing Builders Display Home	User login Username: * Password: * Register Forgotten your password? Investing Resources Active forum topics Good time to buy USD ? Author: Rowan MCcole [8 replies] Who can I trust? : US Property Investing Author: avest50 [0 replies] more topics Activity Feed Recent blog posts Secure the right loan for your investment Author: Property Investing News [2 comments] Home lending approvals increase slightly Author: Property Investing News [0 comments] more Join Our Facebook Community Featured Investing Resource Register Your Copy Who's online There are currently 0 users and 82 guests online. Social Media Today's Tip Nothing down deals are common... but finding a nothing down deal that makes money can be quite tricky <more>