AU 
FHOG Application for house+land pkgI would tend to agree with you as off the plan generally means the finances settle on the date you move in, and new home suggests it has already been built.
However just… plc replied 3 May 2013 ago SuncorpSuncorp are great - their biggest problem is their borrowing capacity. They have one of the most conservative servicings. savings and offsetAnd at the moment with the ing everyday account you get 5% back on all purchases under $100 made with pay wave (have saved over $100 in the last few months!)
The offset… fmac replied 30 April 2013 ago Home Loan and draw downThank guys for the tips.
jb_money, thank you for the reminder. I am going to get a pre-approval for the whole construction cost even though I may be able to cover part of… K4neX replied 26 April 2013 ago K4neXApr 26, 2013 11:34 am Investment property questions
Thanks, jb_money!
Out of curiosity, I just went onto Westpac's website and used their equity calculator, and it tells me I have no… plc replied 22 April 2013 ago 5ullyApr 12, 2013 6:26 pm ZadsApr 05, 2013 10:34 pm ZadsApr 05, 2013 10:19 pm RoadblockThat's no good  maybe just buy the block of land and sell it a little bit after its titled if its possible? Not sure what the market is like over there but here in WA i… Are we going overboard with our budgetIf thats your financial status now without you working then saving $1000 a month - with you still not working (being home with bub) and owning your own home based on the… Valuing your Home before ConstructionIm going through a similar situation where the bank has had a valuation done on our home to be constructed. The feedback we have received from the bank is that they look… Dunco replied 2 April 2013 ago DuncoApr 02, 2013 6:48 am How did you decide when to stop spending??I have this conversation with my wife all the time. I'd say there are two points to consider:
1. The resale value added by the spend, as others have said above.
2. The… Am I likely to be approved for a home loan?Hi death2thepixies,
Lenders nowadays work to their own serviceability calculations, the 30% rule of thumb is more from a personal point of view, and is there because just… plc replied 19 March 2013 ago No Deposit Home LoansIf you have low personal debt & high income then you could go borrow $20k. put it in the bank & add to it as much as you can over next 3 months - this shows 3 months… kiskaMar 12, 2013 8:55 am Capital Gains TaxSo long as you live in the house and it is your primary residence there will be no CGT. CGT, Offset account and Tax
You can't refinance and just make it higher. Well you can but it's not legal to claim it all as tax deductable. People… Deposit on new home contract = equity?Thanks. That was my thinking. Broker gave us the go ahead for a construction loan based on current financial situation. So we have the land and just progressing toward a… House valuation before constructionBanks have a few valuers on their panel which can be use, not just the one, so you might get a good one or vice versa.
Cheers
Tom plc replied 26 February 2013 ago Is anyone building at Farmingdale, Blacktown?Hi, I'm looking to buy a house at Farmingdale, Blacktown. Can anyone give their inputs about the suburb, esp. safety issues as I see mixed reviews in the internet?
Thanks,
PK apk150 started a topic 25 February 2013 ago Casual worker = no finance?I think everybody else agrees that with you partner working full time and having a large deposit, you are looking in great shape for a loan. There should not really be a… Construction LoanHi Natlyn,
Issue with land that is settling a year into the future is that most lenders approvals only last about 3 months, so getting a pre-approval now won't last… plc replied 20 February 2013 ago Settlement Debarcle - Need advice pleaseHi, dragonchild and plc.
Thanks for your replies. Much to our relief westpac have lifted the caveat and settlement is booked for tomorrow. We have settlement agents… Interest only loansIts correct. If you pay more than the interest amount, its just like paying the principal, however the extra you've paid will be available in a 'redraw', rather than… mjmelb replied 6 February 2013 ago shapeFeb 05, 2013 1:22 pm First home buyerHello everybody,
We have just started thinking about buying a house here and it is when doing some research on the net that I came across this forum… shape replied 5 February 2013 ago shapeFeb 05, 2013 1:16 pm Late bills affecting credit reportThanks for the reply Tom! All bills were paid within a week or so of being due so hopefully it hasn't affected us as our circumstances have sorted themselves out and we… Unsure of loan reqs & other. Help please?oh spoke to them, its only a small bank & she remembered us (which is good! lol)
She said it should all be fine to do it that way, provided we DO pay off the debts etc, &… Have i screwed up?Nah. I had the same thing with an ANZ account, where I took all the money out and forgot about it, and they charged the $5 service fee and… plc replied 24 January 2013 ago First Home/ Investment QuestionYep, doesn't matter how long it is rented for, any expenses associated with the property while you are renting it out can be claimed. So for the 6 months you can claim… plc replied 19 January 2013 ago Financing a double blockThanks for the replies, We're struggling to find a lender who will come to the party. As they won't finance subdivision costs we can't throw in all our deposit, which… staceyd replied 15 January 2013 ago shapeJan 12, 2013 4:28 pm Anyone know RAMS policy?Last copy of Rams policy I have (2010) says that bonus is unacceptable income. However note that sometimes…
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