Remember it's Contract OR Final Settlement.
When you enter into the contract, you provide that with your loan paperwork.
They process that with your amount requested.
I do have two questions for you:
1. Residential Loan interest is not tax deductible, you are aware of that?
2. If you can pay it back quickly, why not just take a General Purpose Loan instead? No additional paperwork required - just the loan request.
As always, I would try to find another way to get the money elsewhere. I'm not a fan of loans from retirement accounts. But I know it is helpful in certain situations.
Frixxxxx
Residential Loan Timing - for additional help, if any.
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