AU 
Build LoanDo you have a spare room??? Sounds like bliss! FHOB - Newbie nervesYou should be fine. They mostly care about income, savings and debts and you can tick all three boxes. I know when we were in a similar financial situation and went for a… JAMBY replied 2 January 2018 ago JAMBYJan 02, 2018 12:29 am Second MortgageHi
Many mortgage lenders are reducing the availability of second mortgage programs as the secondary… michae replied 19 October 2017 ago dreaming?Before you look for mortage broker, you should consider these:
First, talk with someone who have already done this and gain some tips from them.
Second, discuss this… michae replied 13 October 2017 ago Construction Loan for off-grid houseSo the technical response is 2wd access... up to the valuer to determine that.
Again, if the sewer system is in the contract and meets code it should be fine - that in… poidaOct 07, 2017 8:27 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 Land loanAs Bec mentioned, rent won't be needed to be taken into account if you are constructing for your owner occupied residence.
The land loan regardless of whether it's left… plc replied 29 August 2017 ago Bank Loan - shortfallDifficult situation, but nothing is impossible. Why do you change jobs so often? plc replied 27 July 2017 ago Finance - External Broker vs. In-house Broker?Yep msalmank, have to agree with Bec. Go with whoever you feel comfortable with.
Having everything done in house might seem easier, however you need to realise that there… plc replied 24 July 2017 ago Henley home, partially built- not AdviceHi Anjan,
Bec mentions a partially built home? Was it started by one builder and now you are looking at another to finish it off with a different one?
Anyhow, she is… plc replied 3 July 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 Renovation loan help >_<Huh? Thats really strange, did you issue documents and sign and return them? If so, I think whats probably more the case is they make you use all your money first before… Vacant land loan chances?In terms of a loan, everything is taken into account. So the liabilities of the car loans and the credit cards will be looked at as part of the scorecard that most lenders… plc replied 25 May 2017 ago Construction loan questionSorry - this only just came through. It's up to the valuer and the way the contract is worded - if the valuer thinks what is in the contract is ok, or if there's enough… SPLIT LOANSUnfortunately no lender out there will allow that. Basically anyone on title needs to be on the loan in some fashion, whether as borrower or guarantor.
I don't know if… plc replied 16 May 2017 ago Parent Security and FHOG - QldHi RachM,
In that case still eligible for FHOG. Don't understand why the broker is asking for a stat dec from them though, I would have thought that the guarantors would… plc replied 15 May 2017 ago Wanting to buy but.....I think you can also ask some of your friend to lend money since you are unable to borrow money from bank. Berek replied 26 April 2017 ago BerekApr 26, 2017 9:29 pm Westpac Home Loan - Draw Down processDefinitely 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… Mortgage / Title questionsCommbank are notoriously slow for registration which explains the delay & those look like normal registration fees, I am more convinced its transfer duty but only your… Interest rate of 4.39%
Investor or owner occupied. As many mortgage brokers will say rate isnt priority compared to product if your an investor. If this is one house for life then cheapest rate… SaberX replied 19 March 2017 ago Home Valuation Trouble - New Construction
That's great news! Shame about the savings but once your place is built and you're in you can scrimp and save for a bit to catch up.
We're using an architect and it's… GST and CGT on investment property CGT exemption is only for your principal place of residence. You can't claim a gst exemption either unless you sell it to someone who will pay the gst on top of the costs.… Berek replied 14 March 2017 ago BerekMar 14, 2017 7:19 pm Bank Valuation QuestionsYes get quotes, these can be done from the plans & is quite normal and no lenders don't tie you to them.
Alternatively you can have the builder include them in the… Adding in items after loan approvalGenerally any additions after a loan has been approved need to be paid out of your pocket.
If you do want to add it into the contract as a post contract variation to… plc replied 14 February 2017 ago Using Land as a 'deposit' on building loan?Hi Firstbuild, Just from my experience... you can use the land (just the $ you contributed) as the deposit...
There is a waiting period... in my case, the land value was… RegVic replied 13 February 2017 ago Paying Deposit
As a solicitor I can advise you of the following:
For land - Yes we always try to negotiate a 5% deposit.
For builders contract - 5% of usually the amount that… Application EnquiryAs a Solicitor, I have had no problems at my end for my own clients. My clients loans were all approved within 1-1.5 weeks. If you do it directly with the banks that is.… Confused.....the debt is in his personal name, spread across a number of personal credit cards in his name. Construction Loan with Land ExplanationHi Lucy,
Usually it's interest only on both the land and the construction loan, but not impossible for it to have been set up differently so double check with your…
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