Author Archives: DP@shapehomeloan

Construction loans- Progress payment stages

Construction loans- Progress payment stages A construction loan applies if your either; 1. Buying a house and land package ( 5 stages min) 2. Building a new home ( 5 stages min) 3. Carrying out a major structural renovations AND applying for a 2-5 stage construction loan ( a construction loan for renovations can be…

Bank’s valuation

What is a Bank’s valuation and cost? A valuation organized by the bank does NOT reflect how much your property will sell for; in fact it’s common to see a 5-20% difference in selling price and the valuation itself. End of the day the bank’s valuation is for the BANKS purposes only. There are three…