Posts by Quentino • Home Renovation & Building Forum

Quentino

Joined 19 June 2021

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Owner Builder loan options

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Quentino

20 June 2021

Re: Owner Builder loan optionsGeneral Discussion

Jun 20, 2021 12:29 am

Great info.Thanks heaps for posting. What you say was confirmed by my brother in law this evening, who secured a $150k loan based on a number of desired spends (update their bathroom, landscaping etc). So I'm going to see how I go with it. there is absolutely no chance of this project going pear sha...

Great info.Thanks heaps for posting. What you say was confirmed by my brother in law this evening, who secured a $150k l...

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Quentino

19 June 2021

Re: Owner Builder loan optionsGeneral Discussion

Jun 19, 2021 3:48 pm

Thanks Chippy. What you say makes absolute sense. We have equity, they want to lend money - win-win! Prob is the first thing they ask me is what I want the money for. So at that stage I could lie outright but I fear it could come back to bite later. Did they ask you at all what you wanted the money ...

Thanks Chippy. What you say makes absolute sense. We have equity, they want to lend money - win-win! Prob is the first t...

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Quentino

19 June 2021

Re: Owner Builder loan optionsGeneral Discussion

Jun 19, 2021 1:18 pm

Thanks Doozer. Notice you're in WA - we're in Vic. We've got to the stage with our current home loan bank to the application and prelim approval stage, but it's a little vague regarding how funds will be allocated. I might complete the forms and see how that pans out. Will also contact a broker or t...

Thanks Doozer. Notice you're in WA - we're in Vic. We've got to the stage with our current home loan bank to the applica...

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Quentino

19 June 2021

Owner Builder loan optionsGeneral Discussion

Jun 19, 2021 12:34 pm

Have everything ready for owner build extension: VBA OB certificate of consent, all plans, engineering, soil etc certifications, approvals and building permit. We own our house outright, value approx $1,200,000 and want to borrow around $300k, combined income around $90k p/a. Some banks wont even di...

Have everything ready for owner build extension: VBA OB certificate of consent, all plans, engineering, soil etc certifi...

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