VIC
Pathway to new build : WWYDA person needs to be licensed to offer financial advice. Surely the accountant you use would have been chosen for his/her expertise in this field. Have you asked your… Lenders and PhD incomeHi, the consideration is taking out a 30 year loan, with income they know will cease in a number of years - or less. Of course, one presumes you would not not pickup paid… 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… shapeJan 22, 2019 7:47 pm Construction loan repaymentsYou might probably know that, loan repayments are also interest only during the construction period, providing comfort and security to renovators and home builders by… michae replied 6 October 2017 ago Conditional approval subject to valuationIt's good to hear you made allowances during the construction phase with continued rent, a lot of people dont do that.
If you're eligible for FHOG, then that's some… plc replied 16 June 2017 ago Land Titiles and Construction LoanOk that's why they can't use it.
Your sister would have to be shown to have clear benefit by being guarantor, for example residing in the home - and she brings with her… Transfering of titlesNo problems. Glad to be of service. Hopefully it works out for your friend.
Cheers
Tom plc replied 15 July 2016 ago Refinancing with AMP Experience??If its the ONLY lender that will help in your situation, accept it. If there are other OPTIONS with other lenders, STONGLY CONSIDER THEM.
AMP is a stable Oz finance… Home + Land loan - information
Just to add to what Bec said, you mentioned that you were pre-approved? In that case if it is still valid and not expired, it may be an easier process with limited… plc replied 9 July 2016 ago Dennis Family HomesWow Gemma, at least it got thru in the end. Usually it like baseball, 3 strikes (apps) and your out!
Congratulations, you found a certified "joker broker" that Simonds… Buying land
Loan lending criteria is always a changing marketplace as different lenders position themselves for different niches. As such trying to secure finance for anything 3mths+… Bad Credit Home Loan AdviceWe are exclusive agent to direct providers of 100% Guarantee Urgent Loan Fresh Cut BG, SBLC, MTN, Bonds, Bank draft and CDs which we have specifically for lease. We do not… End of financial year+1 Bec, pre-approvals are a nice feeling to have, but the actual assessment is made when ALL final documents are available (including the builders contract). I remember… Title Insurance and Caveat worth it?dont worry about the caveat
basically means nobody can sell the land without your approval
the finance company will have lodged their own caveat until you pay the loan… Deposit/loan advice
When the bank does the valuation, they will take into account the land and construction as one for LVR purposes. As the OP already has equity in the land (and assuming it… plc replied 11 May 2016 ago Recommend a good broker in melbourneYour probably sorted already, but my broker has been fantastic. She's got an office on Stud Road, in one of the shopping centers. Happy to give you her details, send me a PM Confirmation on loan amountHi OP,
Just thought I'd chime in given you're asking about wanting to borrow more money than your broker had told you was feasible. You may be right in thinking some… naritas replied 29 February 2016 ago Provision CostOn the face of it no because your bank is lending you for the building contract and they will be advancing against payments to the builder not to you.
Another issue is… HELP!!!! HOME LOAN QUESTION.McKenz,
As Bec alluded to, 5% is a minimum nowadays (plus extra to cover stamps and excess of LMI over the allowable cap). You being a FHB also allows you to claim a… plc replied 21 November 2015 ago Land ValuationHi I'm new to the forum and i was just wondering is there anyone who has bought land in Mandalay Beveridge. Has anyone had any problems with getting their land Valued. kew23 started a topic 6 November 2015 ago kew23Nov 06, 2015 4:16 pm FHOG and Home loanWe are both from NZ and its not been a problem. We also got FHOG, although we had owned a property in NZ, but we had to pay stampduty. Our NZ passports were lodged with… alymei replied 29 October 2015 ago Home loan . Please adviseLand price 210K or 220K
if its 220k minus 11k deposit
will leave 209k plus LMI and other charges sko24 replied 28 July 2015 ago sko24Jul 28, 2015 10:31 am Progress paymentsthey only re check after pre approval expires. Pre approval is only good for a period for a reason. Things can change. However, when you've drawn down your first payment,… Ponzu replied 27 July 2015 ago PonzuJul 27, 2015 12:30 pm genuine savings questionHi mitchiib,
Some lenders can be a bit tricky in the genuine savings space, especially rookie credit assessors so be sure to try and get it escalated if you are not… 95% loanThere is one lender who will do 95% plus cap the full mortgage insurance - as everyone has said the mortgage insurance won't be cheap but in a rising market saving extra… AFG Home Loans?At the end of the day when I am offering some lesser known lenders I say this:
You're borrowing from them - so you have their money, not the other way around - if they… Valuation lower - what to do?Quite a lot of builders charge a significant amount for site costs (these are not costs but charges) to make up for what is essentially a low base price. Just the way they… finance and insurance issuesI have terminated my builder now I need some advice on where to find builders that are willing to complete a half built house?
Also can anyone explain the insurance and… Understanding the KDR finance processWe also allowed a dollar amount in our contract for selection upgrades. We tried to include as much detailed pricing in the contract as possible. The builder had us do… Construction loan confusionHi Psyherin:
I suggest we look at St. George Bank.
The reason is St. George Bank could possibly get a valuation for your before the construction is finished.
You… Mortgage BrokerThanks Bec for the recommendation.
Yes, Werribee is in my zone of service, so the OP can contact me if they want.
Cheers
Tom plc replied 10 April 2015 ago
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