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From: Mike .
Q's about "Off the plan" & Deposit Bonds
From: Curious Onlooker
Date: 05 Nov 2000
Time: 23:41:51
Curious ... about buying off the plan, and the use of a deposit bond...
Don't OTP purchases require progress payments to be made to the builder, thus requiring a servicable loan within the construction period, essentially negating the advantages of a deposit via bond?
Is it possible to obtain a deposit bond irrespective of construction/purchase purpose?
Does an application for a deposit bond require a simultaneous full loan application?
Who is a better provider of deposit bonds?
Is it traditionally non-banks (ie., brokers)?
I feel I'm missing something here .. what is it?
Is there someone out there, who has done it, who can explain it and provide some details to a beginner, curious about exploring this method?
Q's about "Off the plan" & Deposit Bonds
From: Curious Onlooker
Date: 05 Nov 2000
Time: 23:41:51
Curious ... about buying off the plan, and the use of a deposit bond...
Don't OTP purchases require progress payments to be made to the builder, thus requiring a servicable loan within the construction period, essentially negating the advantages of a deposit via bond?
Is it possible to obtain a deposit bond irrespective of construction/purchase purpose?
Does an application for a deposit bond require a simultaneous full loan application?
Who is a better provider of deposit bonds?
Is it traditionally non-banks (ie., brokers)?
I feel I'm missing something here .. what is it?
Is there someone out there, who has done it, who can explain it and provide some details to a beginner, curious about exploring this method?
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