Hi All,
For a new home build (NSW), do you recommend getting the land & construction loan (90% lend, $800k purchase price) together? Or separately?
From some calculations, it looks cheaper in terms of LMI to separate these loans (i.e. two lots of $360k loans, instead of a big $720k loan).
Please enlighten me.
For a new home build (NSW), do you recommend getting the land & construction loan (90% lend, $800k purchase price) together? Or separately?
From some calculations, it looks cheaper in terms of LMI to separate these loans (i.e. two lots of $360k loans, instead of a big $720k loan).
Please enlighten me.