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Loan for H&L Package - Where to start?

Loan for H&L Package - Where to start?

I’m not sure UBank will do construction? The one thing you won’t know is what criteria each lender has behind the scenes, for example minimum employment types, or how…

1
1113
becjarrettdalton
Jan 20, 2021 10:56 pm
becjarrettdalton

Building a house with a Mortgage

Building a house with a Mortgage

A good plan, I support you one hundred percent. Still, loans are a good prospect for those who have goals, right?

12
11637
ArnoldWilder
Jan 20, 2021 9:50 pm
Hhmm
Hhmm
18 h

soho living townhouses

soho living townhouses

and update how is finance going

3
8358
Hhmm
Jan 20, 2021 6:20 pm
Kruss
Kruss
16 January

Can you get LMI back?

Can you get LMI back?

Yes its quite a high amount! Unfortunately its already settled - so that's why I am wondering if there is any recourse once we finalise the build and can show that the…

4
881
Kruss
Jan 16, 2021 8:48 am
Jojac
Jojac
13 January

Land loan and construction loan

Land loan and construction loan

Thanks so much for your response! This makes sense to me now :)

9
9316
Jojac
Jan 13, 2021 1:42 pm
Jen023
Jen023
12 January

Tips for Build valuation...what should I include?

Tips for Build valuation...what should I include?

Hi. We have to get separate contracts for land and then one for build - not ideal as I have better chance of coming in on valuations if they're together....(I think) My…

0
521
Jen023
Jan 12, 2021 8:13 am
GeorgeMod
GeorgeMod
10 January

Land valuation

Land valuation

I think it's a nice place have couple of friends who did that great move on getting a land there.

2
16668
GeorgeMod
Jan 10, 2021 5:14 am
GeorgeMod
plc
plc
3 January

Govt 5% deposit scheme

Govt 5% deposit scheme

My understanding is that the building contract needs to be entered into prior to settlement/funding for the land. At least that is the process with CBA. Not sure about…

1
3586
plc
Jan 03, 2021 7:15 pm
shibaboy
shibaboy
8 October 2020

Land Loan and Construction Loan Sequence

Land Loan and Construction Loan Sequence

Thanks everyone. I found it very useful.

4
3792
shibaboy
Oct 08, 2020 8:51 pm
Seb345
Seb345
29 September 2020

Timing of access to construction loan.

Timing of access to construction loan.

I wanted to do something like that but everything halted because of the corona virus. Hopefully I will be able to do the project next year

2
2622
Seb345
Sep 29, 2020 4:07 am
Bigteether
Bigteether
20 September 2020

Property Valuations - Elara Marsden Park, NSW

Property Valuations - Elara Marsden Park, NSW

Thanks, will keep this thread posted.

6
6539
Bigteether
Sep 20, 2020 7:23 pm
Bigteether
Bigteether
9 September 2020

PAYG IT Contractor - Home loan

PAYG IT Contractor - Home loan

Thanks Rebecca, early extension of contract is impossible as it is government. I contracted through Randstad with PAYG. Definitely will not fall into self employed. Have…

2
556
Bigteether
Sep 09, 2020 3:15 pm
4
8160
GGeorge551
Jul 28, 2020 4:35 pm
GGeorge551
dinesh2buyhome
dinesh2buyhome
25 July 2020

Signature at Tallawong

Signature at Tallawong

Hi Raj, I am also interested to buy a home and land package. May I ask how much was yours ? Are there any more left to purchase and when will the construction begin ?

1
2705
dinesh2buyhome
Jul 25, 2020 11:10 pm
plc
plc
13 July 2020

Question Reg FHOG

Question Reg FHOG

Great to hear it got sorted! Cheers, Tom

3
1043
plc
Jul 13, 2020 3:29 pm
chippy
chippy
8 July 2020

Does our current mortgage bank need know knockdown rebuild?

Does our current mortgage bank need know knockdown rebuild?

We have been in a similar but slightly different situation twice. We've had loans on vacant blocks twice and have then built on the land using cash. Technically we should…

6
2760
chippy
Jul 08, 2020 5:41 pm
chippy
the_doesnotexist
the_doesnotexist
8 July 2020

Stamp Duty Question

Stamp Duty Question

If you qualify for FHOG then yes you should get your bank to apply for the FHO rate of duty for you. Do it as soon as you can as it takes them a while. If you’ve already…

14
7526
the_doesnotexist
Jul 08, 2020 1:18 am
prasannak
prasannak
26 June 2020

RECOMMENDATIONS: Adelaide Brokers!

RECOMMENDATIONS: Adelaide Brokers!

I honestly recommend Gary Benzan of Loanology! Fanstastic bloke!

5
7180
prasannak
Jun 26, 2020 11:00 am
becjarrettdalton
becjarrettdalton
24 June 2020

Construction loan advice

Construction loan advice

Why no offset? Is that by chosen package? And construction loan interest rate is higher? I didn’t think it was with CBA but not sure on that, they’re not my preferred…

1
1704
becjarrettdalton
Jun 24, 2020 7:51 am
becjarrettdalton
becjarrettdalton
becjarrettdalton
19 June 2020

Loans in the post covid world

Loans in the post covid world

Oh no, poor things. It’s not the IT, it’s travel. Most lenders (nearly all, off top of my head) are not accepting applications from that industry. But let me ask you…

1
1600
becjarrettdalton
Jun 19, 2020 2:50 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
18 June 2020

Finance options for a pool

Finance options for a pool

My cheif concern would be jeopardising the build loan by taking out more finance - so definitely be upfront with the bank / broker. Cost effective....I see both sides. I…

3
1055
becjarrettdalton
Jun 18, 2020 9:12 pm
becjarrettdalton
kumar2015
kumar2015
16 June 2020

Builder Offers Build credit

Builder Offers Build credit

Why builders offer any build credit ? I do not see any benefit as it is like getting money from bank and pay mortgage for that. Please correct me if I am wrong and share…

0
778
kumar2015
Jun 16, 2020 9:50 pm
becjarrettdalton
becjarrettdalton
15 June 2020

Investment land - Tax Question

Investment land - Tax Question

That one is out of my scope sorry - the legislation changed on it recently & I don’t want to mislead you. It used to be you could claim beforehand but I’m pretty sure…

3
829
becjarrettdalton
Jun 16, 2020 12:14 am
becjarrettdalton
le tueur
le tueur
27 April 2020

Tight lending (Does this sound right)

Tight lending (Does this sound right)

Cheers, I went to a broker and it came out much better

2
7826
le tueur
Apr 27, 2020 10:28 am
becjarrettdalton
becjarrettdalton
21 April 2020

Contruction loan halfway through build?

Contruction loan halfway through build?

Yep, it’s possible - but I guess I’m not familiar with your land / build splits to comment on that :)

3
2162
becjarrettdalton
Apr 21, 2020 8:07 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
11 March 2020

Valuation shortfall Construction Loan

Valuation shortfall Construction Loan

I have a couple of tips for you, if you urgently need a loan, then you can use the help with , they…

20
23538
becjarrettdalton
Mar 11, 2020 7:16 am
becjarrettdalton
kassan1973
kassan1973
6 March 2020

aussie/bendigo, adelaide bank

aussie/bendigo, adelaide bank

Hello all , just wanting to know peoples experience using the Aussie elevate home loan product , my son has just started his first investment property and a couple of…

0
4292
kassan1973
Mar 06, 2020 4:25 pm
dga
dga
13 February 2020

Surplus funds?

Surplus funds?

Have you checked the invoices you received against the quote you gave your bank. For us, there were provisional items, and for some of them we came in under the quoted…

5
5960
dga
Feb 13, 2020 9:38 pm
SubtleScandal83
SubtleScandal83
8 February 2020

Very Low Income - Large Deposit - will I get a house loan?

Very Low Income - Large Deposit - will I get a house loan?

Unfortunately, due to shared care arrangements with the children's father, I am tied to this area. Fortunately, I absolutely love it here, and after 6 years hear we…

11
4577
SubtleScandal83
Feb 08, 2020 4:24 pm
SubtleScandal83
becjarrettdalton
becjarrettdalton
6 February 2020

Extending a construction loan?

Extending a construction loan?

Did you happen to include a provisional allowance for these upgrades in your tender? The difficulty comes in revisiting the valuation (if necessary) you HAD a kitchen, …

1
1896
becjarrettdalton
Feb 06, 2020 10:08 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
19 December 2019

Mortgage with 92% LVR

Mortgage with 92% LVR

There is a new lending option now available for this exact predicament. minideposit dot com. Au They specialise in people who have good serviceability but small deposits.…

9
8621
becjarrettdalton
Dec 19, 2019 2:01 pm
becjarrettdalton
Susansmith07
Susansmith07
15 December 2019

Contracts signed-subject to Bank Val-

Contracts signed-subject to Bank Val-

This sounds very familiar. We have had a similar issue, I wonder if it’s the same builder in the south east of Melb

5
7801
Susansmith07
Dec 15, 2019 12:07 pm
Melbournevic
Melbournevic
11 December 2019

Construction Loan and Deposit to Builder

Construction Loan and Deposit to Builder

Ok great, thanks for the information.

2
2873
Melbournevic
Dec 11, 2019 11:42 am
aplacetocallhome
aplacetocallhome
23 November 2019

Developer/Builder + Broker Purposely Stalling Finance?

Developer/Builder + Broker Purposely Stalling Finance?

Thanks for the feedback everyone, it does make me feel a lot better about the situation. I don't know why they couldn't just tell me this information at the time of our…

6
6141
aplacetocallhome
Nov 23, 2019 1:24 pm
becjarrettdalton
becjarrettdalton
21 November 2019

Land and Construction Loan

Land and Construction Loan

Erm, that’s not Aussie, are you looking in Australia?

5
3771
becjarrettdalton
Nov 21, 2019 9:23 pm
becjarrettdalton
plc
plc
16 September 2019

Construction Administration Fee by Bank

Construction Administration Fee by Bank

If you are looking for , we can offer you all credit companies on one website. ge

2
8602
plc
Sep 17, 2019 12:31 am
plc
plc
6 September 2019

Lots of questions Re: first mortgage for land/construction

Lots of questions Re: first mortgage for land/construction

Just to add to Bec's post, you need to take into account the possibility of a valuation shortfall, or unexpected contingency costs that may come up that are on top of the…

2
5141
plc
Sep 06, 2019 1:19 am
gillybean
gillybean
12 August 2019

Go cheap now or better later?

Go cheap now or better later?

i buy my home magnet badge from it was very good and fantastic

4
7800
gillybean
Aug 12, 2019 12:06 pm
gillybean
JanePart
JanePart
8 August 2019

First step homes

First step homes

Hi Charlz - did you end up going with First Step Home Loans? We are looking at them now

1
3392
JanePart
Aug 08, 2019 12:09 pm
domwild
domwild
27 July 2019

are deposits to builders refundable?

are deposits to builders refundable?

In one 1 star complaint with a builder on productreview.com.au, that user did not only get his deposit back, the builder charged him tens of thousands of Dollars more…

7
6774
domwild
Jul 27, 2019 6:27 pm
basicbeans
basicbeans
16 July 2019

Suggestions for finance options for land/construction

Suggestions for finance options for land/construction

Has this happened to anyone where you've signed up on a contract with your builder while waiting for your home to be sold? Thanks

6
10173
basicbeans
Jul 16, 2019 6:28 pm
plc
plc
12 June 2019

Using a new broker after pre approval expires

Using a new broker after pre approval expires

As Bec said, you can basically do what you want whether its go direct with a bank or with another broker. There may be other options out there now that weren't present…

4
2260
plc
Jun 12, 2019 1:53 am
flower__power
flower__power
9 June 2019

Insurance needed for loan, can't insure?

Insurance needed for loan, can't insure?

Yes the house insurance, LMI wasn't needed. Thank you i'll follow up with a solicitor.

4
2476
flower__power
Jun 10, 2019 12:16 am
basicbeans
basicbeans
23 May 2019

Planning on new build - subject to selling the current home

Planning on new build - subject to selling the current home

Thanks. Yes I noticed builders have promotions these days to attract buyers as the market has cooled down. However not a good timing for those who are into selling,…

5
6786
basicbeans
May 23, 2019 9:09 am
checkyour
checkyour
19 May 2019

Worried about Land Valuation

Worried about Land Valuation

that is the land I was planed to buy last year, I did some research, since the north west link will extend through Marsden park to new airport, I…

7
5627
checkyour
May 19, 2019 10:51 pm
basicbeans
basicbeans
13 May 2019

95% LVR land loan, or alternatives

95% LVR land loan, or alternatives

Excellent, thanks for the information. Very helpful!

9
7901
basicbeans
May 13, 2019 7:25 pm

Deposit with 2 jobs inc ABN

Deposit with 2 jobs inc ABN

Ahhh complicated and fun answer :) The answer is - we can only work with what is, not what will be. So right now you have an income of X from your office job and a new ABN…

1
2657
becjarrettdalton
May 07, 2019 3:44 pm
becjarrettdalton
deano163
deano163
30 April 2019

Paying for a house build outright?

Paying for a house build outright?

Thanks all, there's a lot of interesting info in the responses so far. We hadn't thought about the frequent flyer card option so that will be on our list of options to…

6
3349
deano163
Apr 30, 2019 9:53 am

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