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raptor19
raptor19
12 June

Valuation shortfall Construction Loan

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…

19
7474
raptor19
Jun 12, 2019 9:55 pm
plc
plc
12 June

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
396
plc
Jun 12, 2019 12:53 am

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
810
flower__power
Jun 09, 2019 11:16 pm

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
4612
basicbeans
May 23, 2019 8:09 am
checkyour
checkyour
19 May

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
2523
checkyour
May 19, 2019 9:51 pm

95% LVR land loan, or alternatives

95% LVR land loan, or alternatives

Excellent, thanks for the information. Very helpful!

9
5029
basicbeans
May 13, 2019 6:25 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
1210
becjarrettdalton
May 07, 2019 2:44 pm
becjarrettdalton
deano163
deano163
30 April

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
1132
deano163
Apr 30, 2019 8:53 am
5
5679
Melbournevic
Apr 22, 2019 7:39 pm

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
3953
Intellichoice
Apr 21, 2019 8:17 am
Intellichoice
basicbeans
basicbeans
17 April

Building a house with a Mortgage

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…

8
5469
basicbeans
Apr 17, 2019 1:53 pm
plc
plc
20 February

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
2386
plc
Feb 20, 2019 12:53 am
becjarrettdalton
becjarrettdalton
11 February

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
1190
becjarrettdalton
Feb 11, 2019 7:55 pm
becjarrettdalton
James Brown
James Brown
2 February

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
8111
James Brown
Feb 02, 2019 8:33 pm
shape
shape
22 January

Declined by LMI - what to do next?

Declined by LMI - what to do next?

Then your fine, especially given the time-frame.

16
5525
shape
Jan 22, 2019 7:47 pm
shape
doogs82
doogs82
14 January

Contracts signed-subject to Bank Val-

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…

4
4763
doogs82
Jan 14, 2019 8:11 am
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
12687
Intellichoice
Dec 14, 2018 3:04 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
1370
Intellichoice
Dec 11, 2018 8:00 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
921
Intellichoice
Dec 10, 2018 9:52 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
2103
skadoosh
Nov 13, 2018 6:59 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
1325
fully
Nov 09, 2018 9:31 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
745
JB1
Sep 09, 2018 9:40 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
800
becjarrettdalton
Aug 12, 2018 2:02 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
788
algernon
Jul 10, 2018 8:11 pm
Charlz
Charlz
10 May 2018

First step homes

First step homes

Has anyone borrowed with first step home loans?

0
1030
Charlz
May 10, 2018 6:58 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
1508
yoyohv
May 03, 2018 3:31 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
1653
becjarrettdalton
Apr 09, 2018 11:26 pm
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
1294
lad2018
Mar 15, 2018 3:33 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
1775
StructuralBIMGuy
Mar 07, 2018 11:14 am
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
1671
becjarrettdalton
Feb 20, 2018 4:56 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
19 February 2018

Go cheap now or better later?

Go cheap now or better later?

Got it. That’s lending criteria....tough isn’t it. So you can’t even buy a fixer upper? Potential future knockdown?

3
894
becjarrettdalton
Feb 19, 2018 6:06 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
1211
plc
Feb 09, 2018 10:04 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
687
HDRider
Jan 29, 2018 3:44 pm
becjarrettdalton
becjarrettdalton
21 January 2018

Build Loan

Build Loan

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

7
1705
becjarrettdalton
Jan 21, 2018 2:14 pm
becjarrettdalton
JAMBY
JAMBY
2 January 2018

FHOB - Newbie nerves

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…

1
1153
JAMBY
Jan 02, 2018 12:29 am
JAMBY
becjarrettdalton
becjarrettdalton
15 December 2017

Finance different trades in custom build

Finance different trades in custom build

Perfect, that’s a great idea. Lock down exactly what you want, visit the suppliers they use & make your selections as early as possible.

3
865
becjarrettdalton
Dec 15, 2017 10:16 pm
becjarrettdalton
rakshu_n_ranch
rakshu_n_ranch
20 November 2017

Land evaluation in Highbrook Precint, Gateway Estate

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…

0
722
rakshu_n_ranch
Nov 20, 2017 2:58 pm
dream2017
dream2017
12 November 2017

Is booking a land and on-sale later a good strategy?

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.

5
1028
dream2017
Nov 12, 2017 8:45 pm
becjarrettdalton
becjarrettdalton
8 November 2017

Interest Only Payments end after construction?

Interest Only Payments end after construction?

You know you're allowed to pay extra, and any extra you pay comes off principal...if that helps. If you're wanting to start sooner

5
1146
becjarrettdalton
Nov 08, 2017 4:00 am
becjarrettdalton
michae
michae
19 October 2017

Second Mortgage

Second Mortgage

Hi Many mortgage lenders are reducing the availability of second mortgage programs as the secondary…

1
832
michae
Oct 19, 2017 9:50 pm
michae
michae
michae
19 October 2017

First home - How much do I need to save?

First home - How much do I need to save?

Great Job! you are one step ahead for people…

17
5554
michae
Oct 19, 2017 9:27 pm
michae
michae
michae
15 October 2017

Finance not approved - preliminary deposit

Finance not approved - preliminary deposit

I agree with @lovisa . It will also depends on the time gap between the…

2
1409
michae
Oct 15, 2017 4:10 am
michae
michae
michae
13 October 2017

dreaming?

dreaming?

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…

3
1131
michae
Oct 13, 2017 7:49 am
michae
becjarrettdalton
becjarrettdalton
12 October 2017

Construction Loan for off-grid house

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…

3
830
becjarrettdalton
Oct 12, 2017 2:54 pm
becjarrettdalton
poida
poida
7 October 2017

First home buyer- over committing on finance?

First home buyer- over committing on finance?

I would advise to only take financial advice from someone who is licensed. I'd be surprised if the people commenting are qualified to provide advice.

10
1704
poida
Oct 07, 2017 8:27 pm
michae
michae
6 October 2017

First Home Buyers - Stamp Duty

First Home Buyers - Stamp Duty

Hi! , By definition, stamp duty is a tax which must be paid on…

7
1332
michae
Oct 06, 2017 8:06 pm
michae
michae
michae
6 October 2017

Construction loan repayments

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…

6
1522
michae
Oct 06, 2017 7:32 pm
michae
michae
michae
28 September 2017

Land and Construction Loan

Land and Construction Loan

Well, Buying land & building a new home can be an exciting experience. And if you plan to get financing you need to understand…

4
1447
michae
Sep 28, 2017 5:26 pm
michae

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