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FamilyofFive
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FamilyofFive

Joined 4 September 2015
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9 years9 yearsFamilyofFiveFamilyofFive posted:
Construction Loan Questions

Another questions - can we get pre-approval now and spend the next 6 months saving some cash to help offset any possible need for LMI? - We are expecting to…

9 years9 yearsFamilyofFiveFamilyofFive posted:
Construction Loan Questions

Thanks again Bec! And am I right in understanding that if we do go over 80% and have to pay LMI, the LMI we've already paid on the land loan…

9 years9 yearsFamilyofFiveFamilyofFive posted:
Construction Loan Questions

Thanks Bec. We owe $270,000 on the vacant land currently.

9 years9 yearsFamilyofFiveFamilyofFive posted:
Construction Loan Questions

HI All,
I'm sure this might have been asked before, but I couldn't find exactly our situation to answer it, so here goes:
We brought our block in 2013 at $300,000. Six…

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