becjarrettdaltonHouse and Land Package Finance - Nervous First Home Buyers
HI Caydenn, I haven't run the numbers on affordability as thats a much bigger conversation. Your broker has the full story so I would trust them. As mentioned above, the…
becjarrettdaltonWestpac Home Loan - Draw Down process
Definitely sign the invoice (when you're satisfied the work is done) and write "please pay" or something like that, add the form Westpac sent you in the beginning for that…
Kagan1042Qld FHOG under Substantially Renovated Clause
7 October 2016
Hi All Has anyone managed dto receive the FHOG for a substantially renovated property? I'm wondering how easy this process is, or if its not even worth the paper its…
Valuation risk on build cost?
Everyones 'opinion' on what the per sq metre range means diddy squat. Talk to local agents and get a variance of price point. The only 'opinion' that carrys ANY weight is…
Low bank valuation ...much difference with a second??
The valuer is writing part of the risk cover for the loan. If the loan goes bad (default > repo) and the bank cannot cover the valuers OPINION (within a suitable time…
plcIncreasing borrowing power with lots of dependents?
12 January 2016
As Bec says, it all depends on the how the lender will treat the situation. Some allow more in terms of living expenses for dependents than others, however the good news…
becjarrettdaltonBetween A Rock And A Hard Place
16 June 2015
Tom's right/ If it gives you some comfort get prepared for the maximum loan amount you think you will need, and then it's only the valuation thats a variable - removes one…
travelbugBetter to sell first, rent while building a new house or not
24 February 2015
The most important thing is to speak to your bank. Some banks don't like lending for a build when they have no collateral (ie the land). You don't want to be buying…
emperor_jNew home & land purchase - loan situation - questions!
15 November 2014
Hi, It is good to here that all things are sorted now, well-getting loan is very difficult thing to achieve. One of my friend has taken loan with the help of Eden Loans…
shadowarriorReady cash calculation for purchasing land and building
10 September 2014
Hi Guys, Thanks for the replies. I think I was making the mistake of thinking that 5% deposit (real savings) needs to be deposited with bank which is on top of our cost…
Nibbles55Pursuing damages for buyers terminating unconditional contra
13 April 2014
Would you mind explaining why the agent is entitled to 50% of the deposit when the sale has fallen through? In NSW the commission does not get paid till settlement. I…
shapeLand, tender, finance - which order to do them in?
23 March 2014
Hi, Maybe a dumb question but we've got to start somewhere! We found a block and a design we like, but in order to finance the block &…
jb_money$420/week disposable income - is this enough?!
15 August 2013
Affordability is a tough one to work out. To be honest to figure it out properly then we'd really need to see everything (gross income, debts, etc) as we stress test the…
jb_moneyNon-applicant spouse that is self-employed (UPDATE)
5 August 2013
Congratulations!!! That is great news Dant. Commonsense lending is hard to come by these days. However it seems like you found one of them which can accept one year…
plcAnother construction loan Q - re: finance timeframe
22 July 2013
Hi Dant, It's likely that the land and construction loans will be two separate applications however they can be submitted at the same time. You aren't able to obtain…
colebatchdHow did you decide when to stop spending??
27 March 2013
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…