First step homes
Hi Charlz - did you end up going with First Step Home Loans? We are looking at them now
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…
Valuation shortfall Construction Loan
Rex, you can but be mindful the bank has the final word and the valuers don’t like being challenged. And ultimately the banks won’t use a valuation from a valuer who…
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…
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…
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…
Building a house with a Mortgage
Hi everyone, we bought a land in 2018 and settlement will take place in the next few months. We are planning to sell our current home. We plan to rent an apartment for…
New home finance
Even BOM (or St George to rest of the country) do it as well. Servicing on end debt only as well.
Building with New Living Homes
First of all, You note down your requirements and then contact with builder. They tell you many suggestions and explain all the things according to your requirements.
Jan 22, 2019 7:47 pm
Contracts signed-subject to Bank Val-
Thanks for the input so far guys. It’s very much appreciated.
We have formally written back to our builder informing them that had we received the full pricing in the…
Bad Credit Home Loans
Are you worried about your bad credit? Have you tried to apply for a loan and failed? Intellichoice is happy to share how we can help you through our direct and ethical…
Deposit/Payments at settlement.
Yes, you are right. To confirm the transaction is enough to a bank check. It will be checked, so carefully fill in all bank details. Don't forget…
just asking on behalf of a friend. Does unconditional finance expire/valuation expire?
Unconditional finance has been received at the end of September, land is a…
Nov 09, 2018 9:31 am
Tax on sold land
I'm assuming you're referring to the 50% CGT discount.
Yes, it's date of contract, not title.
Also, when you sell, it is date of sale is the contract date not settlement.
Homes and SMSF
It definitely varies, and if that includes the statement of advice which would sign off on the LRBA agreement it’s not unheard of. I’ve seen similar but I…
Slab Progress Payment shortfall?
Hi all, yeah. It was the FHOG.... All sorted. Apparently the builder got all the invoice paid in full... Only the difference between the invoice and FHOG was charged on…
The Architects & Builders want to be paid for work nothing is free, especially, if the building contract falls over
If you haven't got enough for fees (2-3%) then you…
Buy land now, or jumping the gun?
As Bec says, only you can make the call. Its a lifestyle decision. Just make sure you are able to afford the loans with an equity release and there is no shortfall in…
Do you have a spare room??? Sounds like bliss!
FHOB - Newbie nerves
You should be fine. They mostly care about income, savings and debts and you can tick all three boxes. I know when we were in a similar financial situation and went for a…
Jan 02, 2018 12:29 am
Many mortgage lenders are reducing the availability of second mortgage programs as the secondary…
Before you look for mortage broker, you should consider these:
First, talk with someone who have already done this and gain some tips from them.
Second, discuss this…
Construction Loan for off-grid house
So the technical response is 2wd access... up to the valuer to determine that.
Again, if the sewer system is in the contract and meets code it should be fine - that in…
Oct 07, 2017 8:27 pm
Construction loan repayments
You might probably know that, loan repayments are also interest only during the construction period, providing comfort and security to renovators and home builders by…