AU 
juskiOct 23, 2011 12:41 am Progressive payments.Hi travelbug, I had been wondering, if we didn't want any loan, bridging or otherwise, how we would have to evidence our ability to pay to the builder. Don't get me… jj1 replied 22 October 2011 ago Comprehensive development zoningYes I would expect it to be worth more. "Walking distance to shops" is a selling point. Though some people prefer peace and quiet.
The CDZ near us has nothing at all… btherl replied 21 October 2011 ago Mortgage Brokers in PerthHi AubinGroveFan,
Whilst obviously biased there is definitely a big difference between a good & bad mortgage broker (be it service, or through incorrectly structuring… shapeOct 11, 2011 9:37 am New loan applicationWow Trent that answers everything! My broker said she has tried to do it as sperate land loan and construction loan but bank wants it done this way... Maybe im in a higher… investa replied 24 September 2011 ago Progress Payments & Construction LoansOur land is fairly flat, so that should help with site costs! Haha, I can completely understand your inability to concentrate! There is a special feel to Laurimar - you… Help with loan optionsHi Trent,
Thanks so much for your detailed post... a few good ideas which I will followup on with the builder.
Thanks again for your help, much appreciated.
We have got a… Loan may not approvedHi Motion Bee,
By the sounds of it your broker hasnt said you 'cant' get a loan..
Just that it MAY make things more difficult.
If you are wanting to keep the land I… clueless about optionsthanks for the quick reply kyton! I'm about to go read up on line of credit 
I'm a little wary of the extra responsibility of renting out our existing, although we did do… Home Loan Got Rejected Due To LMIHi,
@MarkF
Thanks for the advice
I am aware of the NCCP Act and it will not be any advice but is only on how we overcome difficulties.
It will never be on what product… ritwick replied 13 September 2011 ago deb17Sep 05, 2011 3:02 pm Construction Loan TimelineMy timeline was something like this:
1. Pay 5% deposit for land, from own money
2. Pay 5% deposit on building contract, from own money
3. Pay remained of my money that… btherl replied 2 September 2011 ago Owning Outright - Being Mortgage FreeWe paid off our first mortgage on 16 May 1986. I remember that day very well. It was my birthday the next day and I was determined that last mortgage payment was going… catjim replied 30 August 2011 ago mortgage/income protection insuranceI found the best offers were through my super fund, its worth contacting them to see if they provide income protection etc as its easy to arrange deductions from your wage. Stamp Duty... I'm out of my depthHi,
Answers to your questions:
1) How and when do I pay my stamp duty? ~$5,370 ( give or take $200) Payable 2 within weeks after settlement.
2) Is this based on my… shape replied 22 August 2011 ago shapeAug 22, 2011 10:16 pm Mortgage insurance?Just wanted to say... I'm really glad you left this post up. I just found it really helpful...
Thanks!  Loan approval with high % unsecured debt?Hi,
Firstly your land settles in 2 month time + contract signed and you havn't gotten a unconditional approval from lender yet??? - you better start getting cracking.… shape replied 8 August 2011 ago shapeAug 08, 2011 6:52 pm Financial product comparison websitesI know of several people that have had unpleasant surprises using financial comparison websites (insurance, home loan...) – namely concerning the so called comparison to… 1% discounts from CBA, ANZ and SuncorpCBA came out with a published 1% discount off the standard variable rate today for sub 80% LVR loans over $500k. There is certainly a price war going on with other lenders… choice home loansI have seen this argument many many times before about who is better brokers or banks direct and IMO it comes down to the people you deal with not the institution. Your… Inaccurate credit reportI am not 100% on this but I have a hunch D & B are more in the commercial credit report space and Veda are more in the individual space. In terms of address I have had… Mortgage insurance under 25sHm not that I know of personally. LMI is only needed when you borrow more than 80% of the value of the property. It should be waived if LVR is less than or equal to 80%,… How many credit enquiries?Hi,
I for one am not convinced that broker inquiries ie agent inquiries dont count against you. If credit score is done automatically and the algorithins are secret how… Eeeek!! Bank valuation on land way too low!You can fight the valuation if:
1. you have solid proof of comparative sales in the last 3 month ( no older- and the sale must have settled)
2. Similar property ( not just… shape replied 14 July 2011 ago shapeJul 14, 2011 9:06 pm Definition of residential HomeNo you are not entitled to the CGT exemption.
If you had lived in it for a while then moved out you would be entitled to claim the exemption under the 6 yr rule. But if… Definition of residential HomeI bought a property with my sister 4 years ago , paid most of teh deposit 50/50 and she moved in
We were planning to get some work done to the property and sell it
mind… SAEED started a topic 13 July 2011 ago SAEEDJul 13, 2011 8:06 pm Deposits... i hate banksHi there, this is almost similar in our case. Our broker ensure us that we are only paying a 5% deposit for the land and home loan.… shape replied 5 July 2011 ago shapeJul 05, 2011 3:51 pm Construction loan questionJust be careful as CBA charges very high LMI premiums on loans that are increases on an existing loan. So if you are borrowing 95% it may actually be better to internally… Personal Loan - who to go with?If you're considering a personal loan, you can also consider a credit card balance transfer as well for part of the amount. You don't need to have an outstanding balance… btherl replied 7 June 2011 ago Car insurance
Our Mazda 3 just came up for renewal, RACV wanted $970. I checked a few companies (GIO, Budget Direct and AAMI).
AAMI came in the cheapest at $550. Saving of $400 not… home loan and how to get oneHi vsters,
Couple of points:
1. Your income can be acceptable to a lender in a variety of ways.
- Full time employment - usually 6 months minimum. Sometimes 3 months will… Need some Finance helpIt looks to me like you are in a great financial position:
You will have clear credit (default will no longer be on your file unless it was…
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