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Loan Offer & RBA Rate riseI already have a loan offer and am going through the signatures, obtaining certificate of currency, title transfers etc
If a rate rise occurs during… thlo replied 22 February 2010 ago Selling home with mortgageAlso important to note; you don't always have a surplus when you sell a home that is mortgaged.
You can have a shortfall as well and you need to pay this amount on settlement day. thlo replied 22 February 2010 ago Furious with bank!!I know we're given to whinging and moaning about things, but banks really do deserve the awful reputation they have. We have given up on ours - just when you think they… Does anyone have ANZ Simplicity Plus?NO, apparently they have been preparing these loan documents for the last two days now.
Well it took 7 business days to start preparing the loan documents after the… thlo replied 26 February 2010 ago hypotheticalHey Ezza,
Depending on the lender you may not even need to 'refinance'.
You may be able to request to have the guarantee's removed as a seperate process.
What you can… FHOG at or after settlement?I am with Trent and thlo on this one. I always lodge the FHOG application with the lender and it is paid at settlement regardless of the LVR. I can't think of any reasons… Question for a friend - Acquired MoneyHmmmmm interesting, thanks Trent!! I'll pass on that info. Sounds like a term deposit is the way to go.
However, just out of curiosity, we've talked about buying land in… Bank Valuation Short!!!! what to do??
can someone help me with these questions
i have a loan approved with CBA, i have signed documents etc and my loan account now appears on my netbank. what is the maximum… FHOG extensionAnyone who can help us? We do need your help. Any suggestions should be helpful.
Thank you so… Eoh replied 8 March 2010 ago Pre-approval - what good is it?Not all pre-approvals are useless. It depends on the lender you use. For example some lenders we use, such as Bankwest, only electronically assess pre-approval… LakieMar 13, 2010 3:00 pm FHOG??? VicHi all!!
I'm new here and did my best to search for my answer but couldn't find what I was looking for...
Anyway
We signed our land… Mrs BMar 17, 2010 7:23 am Question about deposit on building loanThe thing to remember is the deposit you pay to the builder and (if applicable) land only makes up a proportion of the deposit you provide overall in regards to your loan… Belial replied 17 March 2010 ago which loanHi jagguy,
Any broker should be able to give you free advice, if you don't use them after that advice, that is up to you.
Would need a little more information but if you… LMI when buildingGuess it depends on your lender... We went through CBA and the lender incorporated it with the loan.. alfy replied 19 March 2010 ago What comes firstThe first thing you need to establish with your broker is what is your maximum borrowing capacity. This is based on your income (and what your income is made up from ie:… Home Loan BalanceSo what happens if, our loan was approved for $400k which includes the costs for airconditioning ($10k). If we then decide to pay the ac installer by cash upon completion,… Final Invoice - what is the bank's process?There was no final valuation for us ....once cert of occupancy and evidence of insurance were provided, along with a signed authority to pay, the cheque was handed over.… kek replied 31 March 2010 ago Redrawing on an Investment LoanBest thing to do would be to use the equity in purchasing another investment property. The funds will therefore be deemed for investment and become tax deductable. The… Wat is the common method for investment?First time,
You seem to be doing everything correct in regards to investing, that is getting the information you need to make a decision.
3 people you need around you… Buying my first landFirst time,
Different states different rules for FHO. In WA the rule is that the FHOG and the stamp duty concession isn't given until you build on the land. therefore, if… Bridging loans - help!!!!As a general rule bridging loans work well when the total debt (known as the peak debt) adds up to be less than 70% to 80% of the value of both properties. The final debt… question about credit filePepto - This is unlikely to affect your application. Some lenders have been rumoured to do a credit check prior to settlement however I have never seen it done in the last… Software to check on the banksMaybe I'll have to ask the husband if he can make a spreadsheet up for me. Pepto, the stats were scary on the show I saw about this software about how many people have… Mortgage Insurance queryCheapest way for MI is too use two completely different lenders but you need to have that set up initially otherwise you get into this type of situation. Mortgages and separationsShe can get the loan herself and still have both names on the contract but she'd have to be crazy. Why would she take all the debt when you can take half the house?
The… The next stepi am also of the same opinion, as long as you will settle within 6 months. after six months- if you have mortgage insurance i.e if you borrow more than 80%, you will need… Change loan/Bank after settlementWith the CBA's rate at the moment and i think it costs $700 early repayment fee along with the settlement fees, it wouldn't take you long to get… FHOG as deposit?You would be very lucky to find any funder which does not demand savings or equity. thlo replied 16 May 2010 ago korkMay 19, 2010 12:05 am
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