VIC 
shapeOct 11, 2011 8:37 am New loan applicationWow Trent that answers everything! My broker said she has tried to do it as sperate land loan and construction loan but bank wants it done this way... Maybe im in a higher… investa replied 24 September 2011 ago Progress Payments & Construction LoansOur land is fairly flat, so that should help with site costs! Haha, I can completely understand your inability to concentrate! There is a special feel to Laurimar - you… Help with loan optionsHi Trent,
Thanks so much for your detailed post... a few good ideas which I will followup on with the builder.
Thanks again for your help, much appreciated.
We have got a… Loan may not approvedHi Motion Bee,
By the sounds of it your broker hasnt said you 'cant' get a loan..
Just that it MAY make things more difficult.
If you are wanting to keep the land I… Home Loan Got Rejected Due To LMIHi,
@MarkF
Thanks for the advice
I am aware of the NCCP Act and it will not be any advice but is only on how we overcome difficulties.
It will never be on what product… ritwick replied 13 September 2011 ago deb17Sep 05, 2011 2:02 pm Stamp Duty... I'm out of my depthHi,
Answers to your questions:
1) How and when do I pay my stamp duty? ~$5,370 ( give or take $200) Payable 2 within weeks after settlement.
2) Is this based on my… shape replied 22 August 2011 ago shapeAug 22, 2011 9:16 pm Financial product comparison websitesI know of several people that have had unpleasant surprises using financial comparison websites (insurance, home loan...) – namely concerning the so called comparison to… choice home loansI have seen this argument many many times before about who is better brokers or banks direct and IMO it comes down to the people you deal with not the institution. Your… Definition of residential HomeNo you are not entitled to the CGT exemption.
If you had lived in it for a while then moved out you would be entitled to claim the exemption under the 6 yr rule. But if… Definition of residential HomeI bought a property with my sister 4 years ago , paid most of teh deposit 50/50 and she moved in
We were planning to get some work done to the property and sell it
mind… SAEED started a topic 13 July 2011 ago SAEEDJul 13, 2011 7:06 pm Deposits... i hate banksHi there, this is almost similar in our case. Our broker ensure us that we are only paying a 5% deposit for the land and home loan.… shape replied 5 July 2011 ago shapeJul 05, 2011 2:51 pm Personal Loan - who to go with?If you're considering a personal loan, you can also consider a credit card balance transfer as well for part of the amount. You don't need to have an outstanding balance… btherl replied 7 June 2011 ago home loan and how to get oneHi vsters,
Couple of points:
1. Your income can be acceptable to a lender in a variety of ways.
- Full time employment - usually 6 months minimum. Sometimes 3 months will… CGT QuestionsTrue, Maybe shoot them an email? im not sure if ATO responses to email or not tho....
Regards
Michael shape replied 19 April 2011 ago shapeApr 19, 2011 11:43 am Debt Consolidation via Home loan TopupHi jb_money,
Thanks for your great insight. Refinancing is an option if Bankwest doesnt want to topup the loan as it doesnt make sense for me to pay high rate personal… getting a homeloanwakeboardandy - IF you look at your CR file, it sometimes states the amount your cc was initially applied for " Dec 2010 | HSBC | unsecured CC | amount $10,000 " - as… shape replied 30 March 2011 ago shapeMar 30, 2011 9:29 am Super RateThanks, revive your email- my team will work on the file tomorrow.
Regards
Michael. shape replied 20 March 2011 ago shapeMar 20, 2011 7:25 pm NAB Advertising TechniqueI know this is 2 weeks old now - but REALLY!? This is a just markting tool it changes nothing - a survey of customers showed bank customers were the most loyal to a brand… Do we stand a chance?Yes advantage is slightly different, NAB has 2 co-brands they sell under.
Similar to Qantas having Jetstar- different target audience.
Regards
Michael shape replied 3 March 2011 ago shapeMar 03, 2011 11:41 am Building Valuation has come back lessThanks guys for your posts- sorry its taken me soo long to reply.
Our situation stands as this, we're still $20,000 short. But since CBA are now offering 95% LVR, we… zeena replied 2 March 2011 ago zeenaMar 02, 2011 7:57 am Tax on an investment propertyHi Murphy11,
Also with regards to the Depreciation, you don't just depreciate the building. Get a real Quantity Surveyor in there to do a "depreciation schedule". They… Eskay40 replied 28 February 2011 ago Converting home loan -- 90% to 85%Thanks lunchtime. yeah i guess thats the best option, especially when I dont exactly know what the site cost would be, land settles in mid april, maybe would need to use… shapeFeb 21, 2011 8:42 pm Land Tax Penalty - Advice please!!Definetly not stamp duty, paid that as well.
We are paying the developers land tax for the year 2011, he was the owner still on 31/12/2012 howver as we missed settlement… Domizm replied 15 February 2011 ago 3yr Special Economiser with Comm BankOhh yeah, they have the same loan with lower int rates. There are a few differences, but eventually I ll be saving $300 if I can successfully switch over to NAB from this… ING Constuction/Mortgage Simplifier loanHi,
I normally dont suggest ING for construction ( because of the rate)
There are plenty that offer lower rates for construction - Westpac (7.16% - after construction… shape replied 9 February 2011 ago shapeFeb 09, 2011 8:07 pm Partially completed house? - Value?Hiya,
The story so far?
-Renovating and extending a house.
-Got it to lock up ourselves. Financed it with approx $50K of our own money
-We… shape replied 26 January 2011 ago shapeJan 26, 2011 12:52 am shapeJan 25, 2011 3:36 pm shapeJan 21, 2011 11:15 pm No LMI for LVR of 90%?Hi Michael,
We're in the same situation as you. However, our lender has advised we would still pay the same amount of LMI.
We've got exactly 10%… shape replied 22 January 2011 ago shapeJan 21, 2011 11:11 pm shapeJan 06, 2011 12:37 pm zozoDec 07, 2010 10:02 am Valuation dillema...$456k is not little , a lot higher:)
The bank is yet to come with the new valuation and it has been more than a week since we applied for revaluation..not sure why they… Romani replied 23 November 2010 ago Construction Loan......HelpJust incase anyone wanted to know what happened in our case - commbank came through with the goods, we refinanced our investment property and land and drew on some of the…
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once i wrote down the figures it made more sense. lol.
Regards
Michael
