Friday, March 4, 2011

Land Registered!

The land is registered at last so settlement should go ahead as planned at the end of the month. Phew. Fingers crossed that the bank organise the loans as agreed as the land settles before our house sale completes taking us to the maximum we can borrow without having mortgage insurance. The plan is to use the proceeds from the house sale to pay off half the land and use the money left over to start the build then set up a building loan against our other assets to pay for the rest. Simple!! (headache anyone?)

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