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kiriray
16 March
Home Valuation Trouble - New ConstructionHome Valuation Trouble - New Construction

That's great news! Shame about the savings but once your place is built and you're in you can scrimp and save for a bit to catch up. We're using an architect and it's…

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kiriray
Mar 16, 2017 9:01 pm
Berek
14 March
GST and CGT on investment property GST and CGT on investment property

CGT exemption is only for your principal place of residence. You can't claim a gst exemption either unless you sell it to someone who will pay the gst on top of the costs.…

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Berek
Mar 14, 2017 8:19 pm
Refinance or stick with existing bank - reno advice?Refinance or stick with existing bank - reno advice?

The question comes down to two points - serviceability, can you afford the loan - and that's a huge conversation And secondly, does the loan still suit you. From that…

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becjarrettdalton
Mar 12, 2017 5:14 pm
User avatar
Can visa 457 borrow up to 95% of the property prices?Can visa 457 borrow up to 95% of the property prices?

Hi can you tell how much your total income at that time ? So you borrow up to 90%? Any other requirements?

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vincent.ausahi
Mar 08, 2017 12:04 am
annielee
1 March
VIC - Stamp duty 'refund' ?VIC - Stamp duty 'refund' ?

just called the SRO office, seems that i've to meet the 12months deadline (build completed and living there) but the agent did mentioned i can appeal with valid reason. im…

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annielee
Mar 01, 2017 9:53 am
MovingForward
23 February
First home - How much do I need to save?First home - How much do I need to save?

Sorry about the delay, I will however report how I go. I'm set for a pay rise so I better get moving if I'm to be eligible for everything. Thanks again mate! Be back soon.

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MovingForward
Feb 23, 2017 6:08 pm
becjarrettdalton
User avatar
15 February
Bank Valuation QuestionsBank Valuation Questions

Yes get quotes, these can be done from the plans & is quite normal and no lenders don't tie you to them. Alternatively you can have the builder include them in the…

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becjarrettdalton
Feb 15, 2017 11:31 am
User avatar
plc
14 February
Adding in items after loan approvalAdding in items after loan approval

Generally any additions after a loan has been approved need to be paid out of your pocket. If you do want to add it into the contract as a post contract variation to…

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plc
Feb 14, 2017 12:32 am
RegVic
User avatar
13 February
Using Land as a 'deposit' on building loan?Using Land as a 'deposit' on building loan?

Hi Firstbuild, Just from my experience... you can use the land (just the $ you contributed) as the deposit... There is a waiting period... in my case, the land value was…

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RegVic
Feb 13, 2017 4:25 pm
User avatar
aloenyx
User avatar
4 February
Interest Only payments during construction: Why?Interest Only payments during construction: Why?

I was recommended interest only during the building phase.. and made sense as I need every penny to pay rent and after build costs. Once my final construction payment is…

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aloenyx
Feb 04, 2017 8:50 pm
User avatar
wongbruce
3 February
Paying DepositPaying Deposit

As a solicitor I can advise you of the following: For land - Yes we always try to negotiate a 5% deposit. For builders contract - 5% of usually the amount that…

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wongbruce
Feb 03, 2017 12:21 am
wongbruce
1 February
Application EnquiryApplication Enquiry

As a Solicitor, I have had no problems at my end for my own clients. My clients loans were all approved within 1-1.5 weeks. If you do it directly with the banks that is.…

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wongbruce
Feb 01, 2017 2:09 pm
A tough one about the First Home Owner's GrantA tough one about the First Home Owner's Grant

Nice work - go you! I think people lack the desire to take ownership and see something through to completion in some of these large organisations - or are hamstrung by…

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becjarrettdalton
Jan 18, 2017 9:48 am
User avatar
jono6466
9 January
Confused.....Confused.....

the debt is in his personal name, spread across a number of personal credit cards in his name.

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jono6466
Jan 09, 2017 10:10 pm
Construction Loan with Land ExplanationConstruction Loan with Land Explanation

Hi Lucy, Usually it's interest only on both the land and the construction loan, but not impossible for it to have been set up differently so double check with your…

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becjarrettdalton
Jan 08, 2017 8:30 pm
User avatar
Help with mortgage!Help with mortgage!

Just to confirm you're buying in Canada?

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becjarrettdalton
Jan 02, 2017 6:56 pm
User avatar
capricorn
User avatar
13 December 2016
Mortgage broker!Mortgage broker!

Hi, we were in the same situation as you a year ago. We just moved to our new house. We are happy with our mortgage broker. We got to know him through a family friend…

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capricorn
Dec 13, 2016 12:37 am
User avatar
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becjarrettdalton
Dec 12, 2016 7:14 am
User avatar
Finalytics Financial
12 November 2016
Equity and Loan DilemmaEquity and Loan Dilemma

I have a client in a similar situation. We worked with them and their accountant and decided the best thing was to take the stamp duty hiyt and sell the property into a…

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Finalytics Financial
Nov 12, 2016 1:59 pm
Christoshizz
27 October 2016
Owner Building w/ NAB ::angry:: stat decs from parents etcOwner Building w/ NAB ::angry:: stat decs from parents etc

Hey mate. If it was me I'd be firing your broker and go speak to another broker or another bank lender. Different banks have different financing policies. Vote with your…

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Christoshizz
Oct 27, 2016 1:00 am
becjarrettdalton
User avatar
18 October 2016
Land Titiles and Construction LoanLand Titiles and Construction Loan

Ok that's why they can't use it. Your sister would have to be shown to have clear benefit by being guarantor, for example residing in the home - and she brings with her…

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becjarrettdalton
Oct 18, 2016 12:02 pm
User avatar
Kagan1042
7 October 2016
Qld FHOG under Substantially Renovated ClauseQld FHOG under Substantially Renovated Clause

Hi All Has anyone managed dto receive the FHOG for a substantially renovated property? I'm wondering how easy this process is, or if its not even worth the paper its…

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Kagan1042
Oct 07, 2016 12:40 pm
MoodyBlue
18 September 2016
Which bank?Which bank?

We've changed twice over the years and are currently with G&C Mutual Bank. Have been with them for about 4 years and so far the positives are: Great customer service - I…

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MoodyBlue
Sep 18, 2016 7:00 pm
jcal14
31 August 2016
Building with New Living HomesBuilding with New Living Homes

Oh wow we're having the same build then. I sent you a PM. That is nice to hear as I am building in Spring farm which is Cornish Group as well, estimated to register Q2…

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jcal14
Aug 31, 2016 2:41 pm
Michndayne
31 August 2016
New home groupNew home group

I use new home group. Had good appeal with their building grant. I like the person i deal with in new homes group as when ever things havent been clear or if im annoyed at…

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Michndayne
Aug 31, 2016 3:52 am
becjarrettdalton
User avatar
19 August 2016
Home Improvement LoanHome Improvement Loan

Great to hear - I bet you don't look back!

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becjarrettdalton
Aug 19, 2016 10:43 pm
User avatar
Drekko
User avatar
17 August 2016
Which home insurance company ( not contents ) ?Which home insurance company ( not contents ) ?

stupid question I have used a couple of different "cost to rebuild your home" calculators and they have all given me way out of sync figures one was 11k Another was…

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Drekko
Aug 17, 2016 11:18 am
User avatar
joshiia
28 July 2016
Mortgage Broker!!Mortgage Broker!!

Hi, I have recently bought the house and use the services of Vijay Agarwal Mortgage broker M 0433882222 Whose service is very good he provide me best deal with bank and…

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joshiia
Jul 28, 2016 6:28 am
plc
15 July 2016
Transfering of titlesTransfering of titles

No problems. Glad to be of service. Hopefully it works out for your friend. Cheers Tom

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plc
Jul 15, 2016 1:00 am
new_senior_citizen
10 July 2016
Refinancing with AMP Experience??Refinancing with AMP Experience??

If its the ONLY lender that will help in your situation, accept it. If there are other OPTIONS with other lenders, STONGLY CONSIDER THEM. AMP is a stable Oz finance…

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new_senior_citizen
Jul 10, 2016 11:03 am
plc
9 July 2016
Home + Land loan - informationHome + Land loan - information
1, 2

Just to add to what Bec said, you mentioned that you were pre-approved? In that case if it is still valid and not expired, it may be an easier process with limited…

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plc
Jul 09, 2016 1:55 am
Dennis Family HomesDennis Family Homes

Wow Gemma, at least it got thru in the end. Usually it like baseball, 3 strikes (apps) and your out! Congratulations, you found a certified "joker broker" that Simonds…

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new_senior_citizen
Jul 07, 2016 6:07 pm
Buying landBuying land
1, 2

Loan lending criteria is always a changing marketplace as different lenders position themselves for different niches. As such trying to secure finance for anything 3mths+…

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new_senior_citizen
Jul 07, 2016 6:04 pm
Bad Credit Home Loan AdviceBad Credit Home Loan Advice

No, not a spammer, and I will be able to "finish this story" on the 11/12 July. Stay tuned. David Fantastic !! Always talk to a few finance brokers,…

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new_senior_citizen
Jul 07, 2016 5:52 pm
Huffle - Groupon for MortgagesHuffle - Groupon for Mortgages

NO NO NO RUN AWAY In short they are lending similiar to RAMS 1.0 did (before Westpac took over in NAME ONLY) from their website info. Nice in a positive disconnect…

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new_senior_citizen
Jul 06, 2016 10:47 pm
Using equity to purchase landUsing equity to purchase land

Same goes for these 'guarantor' loans. NEVER EVER tie up my property for the kids. What happens if they divorce? (50% chance in oz, and I have 4 kids!), what happens if…

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new_senior_citizen
Jul 06, 2016 10:25 pm
Do Any Banks Pay Lump Sums?Do Any Banks Pay Lump Sums?

The bank will lend the $$$ as per the builders contract fixtures and fittings. If you want the platinum taps and gold drains and its not in the builders contract, dont…

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new_senior_citizen
Jul 06, 2016 5:13 pm
Recommend a good broker in SydneyRecommend a good broker in Sydney

My kids used Alliance Credit on the pier opposite "The Star" casino in Sydney, but they have an office at baulkham hills too. Alliancecredit.com.au They were able to help…

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new_senior_citizen
Jul 06, 2016 5:07 pm
Valuation being more then build costValuation being more then build cost

Sometimes valuations are a bit like astrology. But as long as the property has gone up since you put a deposit on in, and assuming you qualified for a loan then, you…

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new_senior_citizen
Jul 06, 2016 5:00 pm
End of financial yearEnd of financial year

+1 Bec, pre-approvals are a nice feeling to have, but the actual assessment is made when ALL final documents are available (including the builders contract). I remember…

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new_senior_citizen
Jul 06, 2016 4:49 pm
Valuation risk on build cost?Valuation risk on build cost?

Everyones 'opinion' on what the per sq metre range means diddy squat. Talk to local agents and get a variance of price point. The only 'opinion' that carrys ANY weight is…

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new_senior_citizen
Jul 06, 2016 4:28 pm
Low bank valuation ...much difference with a second??Low bank valuation ...much difference with a second??

The valuer is writing part of the risk cover for the loan. If the loan goes bad (default > repo) and the bank cannot cover the valuers OPINION (within a suitable time…

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new_senior_citizen
Jul 06, 2016 4:18 pm
bank
User avatar
20 June 2016
Pay LMI or save up some more?Pay LMI or save up some more?

Yes there would be no LMI on the land loan. Then some or none on your construction loan depending on if you save 20% of the build cost by the time you want to build. …

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bank
Jun 20, 2016 11:33 am
User avatar
aussieta
User avatar
21 May 2016
Title Insurance and Caveat worth it?Title Insurance and Caveat worth it?

dont worry about the caveat basically means nobody can sell the land without your approval the finance company will have lodged their own caveat until you pay the loan…

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aussieta
May 21, 2016 1:07 pm
User avatar
plc
11 May 2016
Deposit/loan adviceDeposit/loan advice

When the bank does the valuation, they will take into account the land and construction as one for LVR purposes. As the OP already has equity in the land (and assuming it…

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plc
May 11, 2016 2:21 am
Saluja
5 May 2016
Land Contract AdviseLand Contract Advise

Hi Thomas Which city are you in, I may be able to recommend a professional in the area who can help you with your situation. Regards, Harish

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Saluja
May 05, 2016 10:45 am
Ponzu
3 May 2016
Broker's advice - no construction loan!Broker's advice - no construction loan!

Odd this, every estate sales office I visited advised I could do subject to finance. Always pays to ask though For what term? What state? Apologies I…

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Ponzu
May 04, 2016 12:09 am
nakedmind
19 April 2016
Investment loan for construction Investment loan for construction

Hi all, How feasible is it these days to get a 95% LVR construction investment loan?

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nakedmind
Apr 19, 2016 2:27 pm



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