plcFinance - External Broker vs. In-house Broker?
Yep msalmank, have to agree with Bec. Go with whoever you feel comfortable with. Having everything done in house might seem easier, however you need to realise that there…
wongbruceFinancing additional items after handover...
Usually once the house is built so long as the value of the property has increased you should be able to top up your loan. Ensure you don't exceed the 80% lending ratio or…
plcTime Frame of when to apply for construction loan?
There are some lenders that will allow you to construct your property and drawdown a loan up to a year after land settlement. So if you have all the drawings, contracts,…
preeethHome loan interest rate bottomed out in Australia?
Thanks Tej, Tom and Bec...your inputs have created good awareness on fixing rate, with this I will be able to assess my situation and make wise decision on interest rates 😄
becjarrettdaltonHouse and Land Package Finance - Nervous First Home Buyers
HI Caydenn, I haven't run the numbers on affordability as thats a much bigger conversation. Your broker has the full story so I would trust them. As mentioned above, the…
becjarrettdalton10% deposit & clear debts VS 17% deposit with debts for land
It actually comes back to income & timing for your build & what you might need to hold back for finishing items on the home (landscaping etc) - yes it won't affect LMI…
becjarrettdaltonWestpac Home Loan - Draw Down process
Definitely sign the invoice (when you're satisfied the work is done) and write "please pay" or something like that, add the form Westpac sent you in the beginning for that…
becjarrettdaltonRefinance 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…
vincent.ausahiCan 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?
MovingForwardFirst 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.
RegVicUsing 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…
aloenyxInterest 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…
becjarrettdaltonA 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…
becjarrettdaltonConstruction 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…
ChristoshizzOwner Building w/ NAB ::angry:: stat decs from parents etc
27 October 2016
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…
becjarrettdaltonLand Titiles and Construction Loan
18 October 2016
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…
Kagan1042Qld FHOG under Substantially Renovated Clause
7 October 2016
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…
DrekkoWhich home insurance company ( not contents ) ?
17 August 2016
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…