Hyponex
2022-02-14 12:15:36
- #1
So the money should flow as follows: - first the equity - if equity is tied up in another property, then the replacement (bridge financing) must flow first - only then the bank loan BUT some banks are more relaxed about this (some savings banks, Volksbanks, and also ING) where it is handled differently... because the bank has security for both properties, so it doesn't really matter what is drawn first (with ING you can basically decide yourself from which account what is drawn, or you specify it) in the case of a construction, it can be worthwhile ;)