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kevinp8590
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kevinp8590
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kevinp8590

Joined 24 March 2021
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4 years4 yearskevinp8590kevinp8590 posted:
Valuation shortfall on Contruction component of our loan

Thanks for the heads up mate. We have a very good relationship with our builder, so that gives even greater comfort.

4 years4 yearskevinp8590kevinp8590 posted:
Valuation shortfall on Contruction component of our loan

We have an excellent broker and have 100% faith in him.
We are just going to write the letter and include our justification of the difference in variance which I…

  ⋅  1
4 years4 yearskevinp8590kevinp8590 posted:
Valuation shortfall on Contruction component of our loan

Hi there mate, thanks kindly for the welcome.
We have a fixed price contract which we are happy with. Funnily enough, it was the cheapest of the 4 quotes we obtained.

4 years4 yearskevinp8590kevinp8590 posted:
Valuation shortfall on Contruction component of our loan

Our valuation for the construction component of our loan has come in at $485,000 compared to a $597,358 construction cost.
This in the eyes of Adelaide Bank (AB) means there…

Joined homeone
24 March 2021

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