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  • Profile photo of fab_forumfab_forum
    Member
    @fab_forum
    Join Date: 2008
    Post Count: 5
    April 30, 2008 - 12:30 am

    Hi Richard,

    Thanks for the advice.  The deposit amount will be 10% of the loan, so $28,000.  The term could be anything from 7 – 15 months, depending on how long construction takes.  I've been told November at the earliest, but I'm assuming it'll be quite a lot longer.

    I think I'd better get the ball rolling re: loan approval.  I don't actually need to use a deposit bond, but would prefer to, as I'm getting good interest on the money at present. 

    Thanks again – I'll get cracking on that loan approval – hopefully it's not too painful!

    Cheers,

    FF

    Profile photo of fab_forumfab_forum
    Member
    @fab_forum
    Join Date: 2008
    Post Count: 5
    February 15, 2008 - 7:21 am

    Thanks very much for that. I've PM'd my email address to you. 

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