Home
Pros
Forum
  • About
  • Join Community
  • Contact
Reply
WatchingStarredHistory
InboxSent
MembersPros
#Unanswered     #Active

Browse Forums
Home Finance
Standard
List
Topics
Author
Replies
Views
Last Post
annie88
annie88
26 March

Land loan and construction loan

Land loan and construction loan

I initially had pre approval prior to signing the land contract. It was a general one, as when I applied for pre approval I was undecided with either to buy existing or…

6
871
annie88
Mar 26, 2020 8:52 pm
Newashai
Newashai
13 March

Valuation shortfall Construction Loan

Valuation shortfall Construction Loan
1, 2

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

22
19144
Newashai
Mar 13, 2020 7:51 am
kassan1973
kassan1973
6 March

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
3404
kassan1973
Mar 06, 2020 4:25 pm
dga
dga
13 February

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
4773
dga
Feb 13, 2020 9:38 pm
SubtleScandal83
SubtleScandal83
8 February

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
2706
SubtleScandal83
Feb 08, 2020 4:24 pm
SubtleScandal83

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
751
becjarrettdalton
Feb 06, 2020 10:08 pm
becjarrettdalton

Tight lending (Does this sound right)

Tight lending (Does this sound right)

There is another option lending wise. Check out https://www.minideposit.com.au/ They might be a more viable option than the tradditional lending platforms

1
3158
becjarrettdalton
Jan 13, 2020 12:42 pm
becjarrettdalton
ST-Hardy
ST-Hardy
2 January

Stamp Duty Question

Stamp Duty Question

So as it turns out, we are still exempt from stamp duty - woohoo!!

9
5215
ST-Hardy
Jan 02, 2020 9:13 pm
ST-Hardy
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
6844
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
6710
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
1688
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
4834
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
2496
becjarrettdalton
Nov 21, 2019 9:23 pm
becjarrettdalton
plc
plc
20 October 2019

Building a house with a Mortgage

Building a house with a Mortgage

If you are comfortable with the repayments holding both properties for that temporary period, then it can be a worthwhile exercise. What are some of your concerns you…

11
9995
plc
Oct 20, 2019 9:47 pm
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
7752
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
4103
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
6808
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
2582
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
5439
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
9028
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
1322
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
1561
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
5783
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
4422
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
6540
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
1891
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
2285
deano163
Apr 30, 2019 9:53 am
Intellichoice
Intellichoice
21 April 2019

Finance approval subject to title problems

Finance approval subject to title problems

Think they are getting confused-broker and developer, as a normal requirement for settlement-not pre approval would be land correctly titled, A pre-approval tells…

2
4769
Intellichoice
Apr 21, 2019 9:17 am
Intellichoice
plc
plc
20 February 2019

New home finance

New home finance

Even BOM (or St George to rest of the country) do it as well. Servicing on end debt only as well.

4
3124
plc
Feb 20, 2019 1:53 am
becjarrettdalton
becjarrettdalton
11 February 2019

Land Price Valuaiton Reduction before Registration

Land Price Valuaiton Reduction before Registration

As you know the Sydney market has moved, and with those other blocks listed for less that will make it challenging for a higher valuation. Obviously paying less is better…

3
1895
becjarrettdalton
Feb 11, 2019 8:55 pm
becjarrettdalton
James Brown
James Brown
2 February 2019

Building with New Living Homes

Building with New Living Homes
1, 2

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.

23
9543
James Brown
Feb 02, 2019 9:33 pm
shape
shape
22 January 2019

Declined by LMI - what to do next?

Declined by LMI - what to do next?

Then your fine, especially given the time-frame.

16
6697
shape
Jan 22, 2019 8:47 pm
shape
Intellichoice
Intellichoice
14 December 2018

Curious as to how people choose their lender / broker

Curious as to how people choose their lender / broker
1, 2

Can be very tricky-as with all the information available-it is always the case it can be misconstrued or straight out false if not applicable to an individuals…

29
14300
Intellichoice
Dec 14, 2018 4:04 pm
Intellichoice
Intellichoice
Intellichoice
11 December 2018

Owner Builder Loans Australia by Intellichoice

Owner Builder Loans Australia by Intellichoice

Are planning to build your dream home and enthusiastic to apply your passion for building something to be proud of. Thinking that getting a licensed builder is too much…

0
1918
Intellichoice
Dec 11, 2018 9:00 pm
Intellichoice
Intellichoice
Intellichoice
10 December 2018

Bad Credit Home Loans

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…

0
1463
Intellichoice
Dec 10, 2018 10:52 am
Intellichoice
skadoosh
skadoosh
13 November 2018

Deposit/Payments at settlement.

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…

0
2660
skadoosh
Nov 13, 2018 7:59 pm
fully
fully
9 November 2018

Unconditional finance

Unconditional finance

Hi, 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…

0
1821
fully
Nov 09, 2018 10:31 am
JB1
JB1
9 September 2018

Tax on sold land

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.

1
1193
JB1
Sep 09, 2018 10:40 pm
becjarrettdalton
becjarrettdalton
12 August 2018

Homes and SMSF

Homes and SMSF

Hi Dean, 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…

1
1267
becjarrettdalton
Aug 12, 2018 3:02 pm
becjarrettdalton
algernon
algernon
10 July 2018

Understanding mortgage broker calculations?

Understanding mortgage broker calculations?

On the figures provided there, the net proceeds of borrowing (i,e. what goes towards paying for the house) is $296K. On top of that, there's an 'extra' $7.7K added on to…

2
1330
algernon
Jul 10, 2018 9:11 pm
yoyohv
yoyohv
3 May 2018

Slab Progress Payment shortfall?

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…

8
2242
yoyohv
May 03, 2018 4:31 pm
becjarrettdalton
becjarrettdalton
9 April 2018

Figuring out what size mortgage we can finance

Figuring out what size mortgage we can finance

You can mitigate some of the risk by considering a fixed rate - and in terms of affordability if the bank has already passed you through their calculators the next and…

7
2314
becjarrettdalton
Apr 10, 2018 12:26 am
becjarrettdalton
lad2018
lad2018
15 March 2018

Lender Mortgage Insurance Question

Lender Mortgage Insurance Question

Try to check with another insurance online calculator, like here: But indeed, for me your argument and calculation sounds good

3
1780
lad2018
Mar 15, 2018 4:33 pm
StructuralBIMGuy
StructuralBIMGuy
7 March 2018

Architect/Designer fees

Architect/Designer fees

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…

3
2240
StructuralBIMGuy
Mar 07, 2018 12:14 pm
StructuralBIMGuy
becjarrettdalton
becjarrettdalton
20 February 2018

Things to discuss about mortgage penalty

Things to discuss about mortgage penalty

Erm - this is Australian site - in Australia no penalties for variable rate - go Aussie!!! The rest doesnt really apply to us either

1
2102
becjarrettdalton
Feb 20, 2018 5:56 pm
becjarrettdalton
plc
plc
9 February 2018

Buy land now, or jumping the gun?

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…

2
1710
plc
Feb 09, 2018 11:04 pm
HDRider
HDRider
29 January 2018

Valuation based on preliminary floor plans

Valuation based on preliminary floor plans

Hi Guys, Does anyone know if a bank (/Valuator) can consider preliminary floor plans and site plan (without…

0
1089
HDRider
Jan 29, 2018 4:44 pm
becjarrettdalton
becjarrettdalton
21 January 2018

Build Loan

Build Loan

Do you have a spare room??? Sounds like bliss!

7
2294
becjarrettdalton
Jan 21, 2018 3:14 pm
becjarrettdalton

You are here
Building ForumBuy, Sell, Rent & MoveHome Finance
Featured Professional

Intellichoice Finance Brokers are enabling owner builders throughout Australia, obtain the finance they need to build their dream. Our highly qualified team provide hassle-free competitive mortgage options with our extensive list of lenders. Speak to our customer care team on 1300551045

Brisbane QLD
Contact Us
Related Professionals
Browsing this forum

No registered users and 2 guests

You are here
Building ForumBuy, Sell, Rent & MoveHome Finance
Homeone Australian & New Zealand

Australia's largest home building and renovation
community with over 1.7 million posts

Home
Pros
Forum
Start a new topic
About
Join Community
Advertise
Contact Homeone
Articles
All comments made express the views and opinions of the author and not the Administrators, Support nor Homeone Australia & New Zealand
© Homeone Australia & New Zealand All Rights Reserved ‎2001 - 2020
Australia's largest home building and
renovation community
Homeone
About

Terms
Privacy

Follow homeone on FacebookFollow homeone on Twitter
All comments made express the views and opinions of the author and not the Administrators, Support nor Homeone Australia & New Zealand
© Homeone Australia & New Zealand All Rights Reserved ‎2001 - 2020