贷款用于house extension

Lucaszz

今天去银行谈贷款，银行说我和老公的工资不是问题，但最终能贷多少还是取决于房子改建好的valuation。非常困惑，试问这个怎么操作啊？万一盖好以后银行一来说房子不值这么多钱不批贷款那我不是完蛋啦！而且，我又怎么能等到房子盖好才付builder钱呢？builder是要求分期五次付完的。不可以等到盖好以后一起付的。不懂.....有同学知道吗？

proxy

先把extension合同交上去办贷款，银行就会估价了然后决定批。。

青岛四方

帮顶～等专业人士

angelatu

银行是根据你的building contract来评估的，不是等你建好后再评估。
你需要把签好的building合同给你的banker

newaussie

House extension,
This is so called construction loan.
You will need to provide docs below before the commencement of the construction:
1. Council Approval;
2. Floor plan;
3. building contract;
4. Builder Risk insurance to cover public liablity during the construction period.
Then you apply for construction loan, bank will base on the above information to order to be erected (TBE) valuation  which means to come up with as if complete market value of your property, bank will lend you maximum 80% (licensed builder only) of the total value.
Once the loan approve, it will be progressive draw.
Eg.  your schedule of payment is  5 stages and loan amount if $200k
Then bank will require builder to complete stage 1 first then send invoice to bank to make first claim, follow by stage 2 until the final stage.
if the total constrcution price is more than the loan amount eg, $250k whereas the loan is only $200k, then you will have to pay your own contribution of $50k first before the first claim from bank.

mel128

学习

shishen_lsy

newaussie 发表于 2012-9-17 11:50

House extension,
This is so called construction loan.
请问专家，如果我的房子推到（房子比较老几十年了），重建，或造好2栋。 需要construction loan 。但本身房子贷款没有还完。这时候房子推到了，不等于原本贷款的价值（地+1房）没有了么。这样不等于我还的1部分款白还了（因为房子推到了）
请专家解释，如果1地+1房，贷款没还完，旧房推到重建2栋，这样是如何评估如何带出construciton loan？谢谢

lucyliu8472

好复杂

LMLM

newaussie 发表于 2012-9-17 11:50

House extension,
This is so called construction loan.
顶专业人士！