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…
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
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,…
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…
Curious as to how people choose their lender / broker
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…
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…
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…
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…
Land evaluation in Highbrook Precint, Gateway Estate
Hi, I picked up a stage 15 lot at this estate. What has the bank evaluation been on lots around this estate? Has there been huge shortfalls or has the land value…
Is booking a land and on-sale later a good strategy?
Hi Sorry, was out of touch a bit and late in response. Yeah you are right. It would be a bit of gambling on the return, I agree. Thanks for the input. It helped.