VIC 
Question about home loan and untitled landyour solicitor will want you to have an approval by that date or rescind the contract - or explain the repercussions in regards your deposit of you don't get finance in… Progress PaymentsYep, exactly, if they're satisfied the work is done - and yes your repayments creep up a little with each progress payment - you should be paying interest only on the plan… Having one Loan for Land and HouseHi There,
You can do a land loan first with most lenders with a 5% deposit depending on valuation and then do another one just for the build.
In total it can work out to… In a bit of a dilemma...Oh no, the point is if it's not needed the builder varies it back out - it's a simple fix and often done. Not a cent more is spent than needs to. Happy to explain to… Land settlement feesHi there, your conveyancer is the one who will do all of the calculations and give instructions on who gets paid what amount on settlement. They will direct the bank to… Would you build with these finances?Nobody else but you would need to find answer to the following question :
Will the price of my current dwelling go up ir down in the time new house is being built?
Also,… vivmak replied 5 October 2014 ago Knock down rebuild with an existing mortgageYep, the construction is normally a separate loan during building drawn in stages, and then amalgamated into one at completion.
As for LVR, it can go up to 95% LVR, but… plc replied 16 September 2014 ago Construction loan questionsYes, you're right. The loan is with Macquaire. The application fee and valuation is nil in their schedule of fees and charges. But this construction loan admin fee is very… westpac miscalculate interestRaise it to customer service and articulate what your instructions were. They will pull out what instructions they have on file and if they have wrongly charged you they… Can i afford to live in my homeIf you are planning on the property bring an investment property down the track then borrow the 90% and the LMI. Down the track when… Drekko replied 1 September 2014 ago First home buyer: expecting low valuationThe main reason that valuations come in low is that the valuer did not find any comparable sales to support the value that you estimated.
However there could be other… shapeMay 29, 2014 7:50 am shapeFeb 20, 2014 10:08 pm Section 27 confusionThanks travelbug - yes I was surprised and it feels a bit weird seeing things about other people's affairs, but the document appears to be part of the Section 27… spamjam replied 29 January 2014 ago Australian First Mortgage - AdvantedgeMy first thought is how many Brokers does one need to get a loan ?
You have one and I can't see where on earth these AFM people fit in unless they are a lender competing… jj1 replied 4 November 2013 ago Williams Landing BuyingHi
Check this out from RP Data. Also don't forget to download (FREE) full list
of all the suburbs around Australia which talks about how each suburb has
performed in the… maf007 replied 29 October 2013 ago Resolve Finance
I know what you mean _chylatte_. We went into it with $3000 but then it turned into $6500 just in the first 2 months. By settlement we would have paid $13000 (not… pooks83 replied 15 September 2013 ago NEED HELP!!Hi Joh,
It seems that your lender is limited to a LVR + LMI cap of 97%, hence why they are adjusting the figures to make your base loan less than a normal 95%… plc replied 29 August 2013 ago What are the chances... Land Loan Equity???Interesting JB, think I'll scrape together another $5k then purchase a block.
This way i can get the ball rolling, throw a deposit at the builders, choose a plan & site… joh040 replied 28 August 2013 ago signing a contract of saleBuilding envelope is just the permitted portion of the block on which you can build. This will be a combination of council and/or estate restrictions.
Usually there are… FhogYeah a lot of banks have problems with their processes for the first drawdown, particularly when they are also processing a FHOG.
You need to stay on top of them and… estimatingThe TAFE copy is always a bit out of date!
Will check with Hanna, maybe negotiate a 1 year licence 
From 3rd party comments, standard pricing would be out of reach.
I do… tezzab replied 9 July 2013 ago What to look out for in mortgage documents?Hi Pooks83
Look for the following
1. Early Payout Costs/refinance costs - Most banks have removed these now. For example if you take out a annual package fee (which… Stig replied 29 June 2013 ago StigJun 29, 2013 11:43 pm Who is your land loan with and why?We went with ANZ. Having not been in Oz long (7 months) we thought it was going to be difficult getting a mortgage. I think it was made much easier because we'd banked… Commercial loan and line feesI don't think that you would get a blended loan for a warehouse as the loan is for a warehouse not residential. The collateral could be a mix of several items.
Stig is… 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 ZadsApr 05, 2013 10:19 pm 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
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