Anyone with some experience with home building loan form the banks?
I have started construction and the contractor expecting his first payment. I ave submitted the forms and other documents required for the firs progress payment. How long does the bank usually take to process my request? (i.e. after receiving my documents, they send an assessor/inspector and then release the funds to the builder).
I submitted the documents today. I have the loan with Nedbank and their call center is almost useless. I have to talk to 100 people before I get transferred to someone and I get cut EVERYTIME (his has been happening for over a year while busy with the application process and after)
I have started construction and the contractor expecting his first payment. I ave submitted the forms and other documents required for the firs progress payment. How long does the bank usually take to process my request? (i.e. after receiving my documents, they send an assessor/inspector and then release the funds to the builder).
I submitted the documents today. I have the loan with Nedbank and their call center is almost useless. I have to talk to 100 people before I get transferred to someone and I get cut EVERYTIME (his has been happening for over a year while busy with the application process and after)

