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Team PD
Team PD
17 November 2010

Contract signing this Wednesday!

Contract signing this Wednesday!

Hi Mel, Congratulations on your contract signing! :D It is a hefty document indeed, but by the sounds of things you got through it and have done well. A video guide that…

4
991
Team PD
Nov 17, 2010 4:33 pm
Team PD
S&M
S&M
17 November 2010

construction loan, how does it work?

construction loan, how does it work?

Hi guys just wanted to know some info on how a construction loan works. How long do they usually take? Is it straight forward? Is it a long process? My bank has told me i…

0
822
S&M
Nov 17, 2010 3:34 pm
S&M
YBBroker
YBBroker
16 November 2010

Bank West

Bank West

In my previous life as a builder we had problems with claims through several banks, however none were particularly worse than the others. It's best to follow up yourself…

5
1865
YBBroker
Nov 16, 2010 1:32 pm
YBBroker
YBBroker
16 November 2010

How do I pay the first progress payment

How do I pay the first progress payment

The above replies already answer the original question, so rather than double up i'll just agree with them. However, you say the first claim is 15%? Is this the building…

6
1830
YBBroker
Nov 16, 2010 12:50 pm
Eve Dweller
Eve Dweller
23 October 2010

FIRST HOME BUYERS

FIRST HOME BUYERS

Sure interest is dead money. But that expense is contributing to your own asset.

4
2339
Eve Dweller
Oct 23, 2010 9:46 am
MaxPower
MaxPower
19 October 2010

Construction Loan......Help

Construction Loan......Help

Hello We have recently purchased some land a few months back which we are paying a mortgage for. Have gone through the whole building thing and decided to build w/ Dennis…

0
980
MaxPower
Oct 19, 2010 10:21 pm
theanonyuser
theanonyuser
13 October 2010

Anyone else using Mates Rates Mortgage Brokers ?

Anyone else using Mates Rates Mortgage Brokers ?

cash back should be using www.homeloancashback.com.au as they do not charge the fees that mates rates do

1
3618
theanonyuser
Oct 13, 2010 9:41 am
xquisite
xquisite
7 October 2010

loan declined after unconditional approval

loan declined after unconditional approval

Woohoo! What a relief. Great news, KG. ::

20
15708
xquisite
Oct 07, 2010 8:31 am
jb_money
jb_money
5 October 2010

Can I just sell up and re invest the money as I see fit?

Can I just sell up and re invest the money as I see fit?

Just be aware that if you have a fixed rate it may be expensive to exit the loan as there are additional "break fees". If you have had your loan for over 4 years then the…

3
1446
jb_money
Oct 05, 2010 3:51 pm
Bam
Bam
28 September 2010

Consequences of a second mortgage?

Consequences of a second mortgage?

We have a Line of Credit. Only thing to be cautious of is the higher interest rate.

3
1091
Bam
Sep 28, 2010 11:19 pm
Bam
mel_mox
mel_mox
22 September 2010

Tender process?

Tender process?

Got a copy of our site tests today :-) Don't fully understand it but says m slab required which I know no upgrade! Great! Also says slight to moderate fall! Hopefully it's…

6
4458
mel_mox
Sep 22, 2010 9:32 pm
foresterxt
foresterxt
21 September 2010

Bank valuation less than purchase price

Bank valuation less than purchase price

Hey Cookie Monster If you can find the $60k , this would make life some what easier (just to get the block settled). Then A. Ask the bank to revalue the block in 6…

12
4415
foresterxt
Sep 21, 2010 8:23 pm
Helyn
Helyn
8 September 2010

Developing Loan Questions

Developing Loan Questions

Do you mean CGT (capital gains tax) - which you will have to pay.

5
1735
Helyn
Sep 08, 2010 9:02 am
Helyn
Titch101
Titch101
10 August 2010

Land Equity

Land Equity

Thanks so much for clearing that up for me, it gives me some valuable info to go back to my broker with.

6
3203
Titch101
Aug 10, 2010 9:52 am
Casa2
Casa2
9 August 2010

Agent fails to get 10% Deposit

Agent fails to get 10% Deposit

Let me see if I understand this correctly. 1) The agent sold your house 2) You got 90% of the price If so, the agent is…

6
1959
Casa2
Aug 09, 2010 7:31 pm
bek7708
bek7708
9 July 2010

Early exit fees on a Westpac Fixed loan

Early exit fees on a Westpac Fixed loan

Hi there, We were in the same situation at the start of the year. We had a fixed loan with Westpac and we had to pay just over 5 grand I think to break it. There was…

3
3257
bek7708
Jul 09, 2010 10:29 pm
bek7708
draco76
draco76
10 February 2010

Money in the offset vs in the loan

Money in the offset vs in the loan

thanks all.. i guess i'll be putting it in the offset then..

6
1002
draco76
Feb 10, 2010 6:16 pm
Richo
Richo
13 January 2010

Loan for HOuse & Land with title on land not due till 2010

Loan for HOuse & Land with title on land not due till 2010

Been a while, but I thought that I should update my story on here, as it may be helpful for others. House was kept close to budget, but provisional site cost pushed it up…

16
2892
Richo
Jan 13, 2010 11:10 am
Richo
draco76
draco76
11 December 2009

how do you monitor your loan?

how do you monitor your loan?

thanks for all the replies.. i will look into that ANZ one.. land settled today so I officially got a mortgage ::hyst:: ::hyst::

10
1834
draco76
Dec 11, 2009 9:43 pm
Rizzo
Rizzo
21 November 2009

Loan size - what would you do?

Loan size - what would you do?
1, 2

There's another non tangible side to the story. It could be easy to dismiss someone who wants a bigger house as wanting to keep up with the Jones'…

35
3520
Rizzo
Nov 21, 2009 5:05 pm
jb_money
jb_money
25 October 2009

Does a decrease in wage effect anything now?

Does a decrease in wage effect anything now?

If the loan has been advanced already then this is no problem. If the loan has not yet been advanced (construction drawdowns don't count) then it may be a problem…

7
997
jb_money
Oct 25, 2009 3:24 pm
Allan Faint
Allan Faint
23 July 2009

OB loan question

OB loan question

best you will get is 80% generaly 60%. Try a local building society or credit union smoetimes they will consider.

5
1331
Allan Faint
Jul 23, 2009 3:42 pm
Allan Faint
paul.jason
paul.jason
22 July 2009

Dingbat of a Mortgage Broker

Dingbat of a Mortgage Broker

We're about to compose a "goodbye" email to our broker...just looking for some help with the wording if we may. We want to say 'no thanks' without being offensive, but…

17
1736
paul.jason
Jul 22, 2009 9:31 pm
paul.jason
Nott
Nott
15 July 2009

Do u need paying progressive payment fee?

Do u need paying progressive payment fee?

Hi, Do u need to pay progressive payment fee? I'm with Ban. W, and when I join, I was suggested the lite plus package ( Annual fee $360, no application fee). Now, 1 yr…

0
512
Nott
Jul 15, 2009 11:28 am
Nott
thlo
thlo
31 March 2009

About construction loan

About construction loan

Hi, SILs bought a land ($100,000)in the west probably two years ago. During these period, they paid extra repayments ( around $40,000) to the land.…

2
540
thlo
Mar 30, 2009 11:43 pm
thlo
wakeboardandy
wakeboardandy
19 March 2009

How much is your mortgage?

How much is your mortgage?
1, 2, 3

It will be approx 286k for us when construction is completed. I wanted to make sure I could pay the mortgage just on my wage. Which will be about 30% of my wage with…

41
4560
wakeboardandy
Mar 19, 2009 12:33 pm
wakeboardandy
thlo
thlo
24 February 2009

Changing Broker

Changing Broker

I have received another question which I would like to answer here; Question regarding Broker.; I have today inform a broker that I wish to discontinue…

9
796
thlo
Feb 24, 2009 12:27 pm
thlo
wonderland
wonderland
16 November 2008

Booo

Booo

Thank you, my congrats to you also!! No I'm not part of any wedding forum. I see the wedding as a chore more than anything. I just want the day to be over, if it was up…

13
1572
wonderland
Nov 15, 2008 11:49 pm
wonderland
'chelle
'chelle
17 April 2008

What % of your House & Land is mortgaged?

What % of your House & Land is mortgaged?

Thanks, I hadn't even noticed :D

9
2348
'chelle
Apr 17, 2008 8:59 pm
'chelle
Michelle
Michelle
18 December 2007

US Sub Prime - Banks closing down!!

US Sub Prime - Banks closing down!!

:lol: :lol: :lol: very clever.....

5
2092
Michelle
Dec 18, 2007 9:03 am
Michelle

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