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shape
shape
15 h

Declined by LMI - what to do next?

Declined by LMI - what to do next?

Then your fine, especially given the time-frame.

16
2983
shape
Jan 22, 2019 8:47 pm
shape
doogs82
doogs82
14 January

Contracts signed-subject to Bank Val-

Contracts signed-subject to Bank Val-

Thanks for the input so far guys. It’s very much appreciated. We have formally written back to our builder informing them that had we received the full pricing in the…

4
4284
doogs82
Jan 14, 2019 9:11 am
plc
plc
12 January

95% LVR land loan, or alternatives

95% LVR land loan, or alternatives

There are a few select lenders that still offer 95% LVR on vacant land, Bankwest is one that comes to mind. It's however fraught with danger purchasing land at that…

2
2764
plc
Jan 12, 2019 11:22 am
Akamura
Akamura
11 January

Bank Loan - shortfall

Bank Loan - shortfall

Difficult situation, but nothing is impossible. Why do you change jobs so often?

8
1630
Akamura
Jan 11, 2019 5:30 am
Intellichoice
Intellichoice
14 December 2018

Curious as to how people choose their lender / broker

Curious as to how people choose their lender / broker
1, 2

Can be very tricky-as with all the information available-it is always the case it can be misconstrued or straight out false if not applicable to an individuals…

30
12040
Intellichoice
Dec 14, 2018 4:04 pm
Intellichoice
Intellichoice
Intellichoice
11 December 2018

Owner Builder Loans Australia by Intellichoice

Owner Builder Loans Australia by Intellichoice

Are planning to build your dream home and enthusiastic to apply your passion for building something to be proud of. Thinking that getting a licensed builder is too much…

0
1100
Intellichoice
Dec 11, 2018 9:00 pm
Intellichoice
Intellichoice
Intellichoice
10 December 2018

Bad Credit Home Loans

Bad Credit Home Loans

Are you worried about your bad credit? Have you tried to apply for a loan and failed? Intellichoice is happy to share how we can help you through our direct and ethical…

0
673
Intellichoice
Dec 10, 2018 10:52 am
Intellichoice
skadoosh
skadoosh
13 November 2018

Deposit/Payments at settlement.

Deposit/Payments at settlement.

Yes, you are right. To confirm the transaction is enough to a bank check. It will be checked, so carefully fill in all bank details. Don't forget to check the routing…

0
1556
skadoosh
Nov 13, 2018 7:59 pm
fully
fully
9 November 2018

Unconditional finance

Unconditional finance

Hi, just asking on behalf of a friend. Does unconditional finance expire/valuation expire? Unconditional finance has been received at the end of September, land is a…

0
1059
fully
Nov 09, 2018 10:31 am
kks
kks
26 September 2018

Building a house with a Mortgage

Building a house with a Mortgage

The market, yes indeed, in all my time I've never seen the real estate market so uncertain and edgy.

7
4858
kks
Sep 26, 2018 1:29 am
JB1
JB1
9 September 2018

Tax on sold land

Tax on sold land

I'm assuming you're referring to the 50% CGT discount. Yes, it's date of contract, not title. Also, when you sell, it is date of sale is the contract date not settlement.

1
503
JB1
Sep 09, 2018 10:40 pm
becjarrettdalton
becjarrettdalton
12 August 2018

Homes and SMSF

Homes and SMSF

Hi Dean, It definitely varies, and if that includes the statement of advice which would sign off on the LRBA agreement it’s not unheard of. I’ve seen similar but I…

1
589
becjarrettdalton
Aug 12, 2018 3:02 pm
becjarrettdalton
algernon
algernon
10 July 2018

Understanding mortgage broker calculations?

Understanding mortgage broker calculations?

On the figures provided there, the net proceeds of borrowing (i,e. what goes towards paying for the house) is $296K. On top of that, there's an 'extra' $7.7K added on to…

2
467
algernon
Jul 10, 2018 9:11 pm
pw1923
pw1923
9 June 2018

Building with New Living Homes

Building with New Living Homes
1, 2

They aren't going to encourage you to do that because they won't make money on the mark-up.

22
5855
pw1923
Jun 09, 2018 8:16 am
pw1923
Charlz
Charlz
10 May 2018

First step homes

First step homes

Has anyone borrowed with first step home loans?

0
830
Charlz
May 10, 2018 7:58 pm
yoyohv
yoyohv
3 May 2018

Slab Progress Payment shortfall?

Slab Progress Payment shortfall?

Hi all, yeah. It was the FHOG.... All sorted. Apparently the builder got all the invoice paid in full... Only the difference between the invoice and FHOG was charged on…

8
1128
yoyohv
May 03, 2018 4:31 pm
becjarrettdalton
becjarrettdalton
9 April 2018

Figuring out what size mortgage we can finance

Figuring out what size mortgage we can finance

You can mitigate some of the risk by considering a fixed rate - and in terms of affordability if the bank has already passed you through their calculators the next and…

7
1329
becjarrettdalton
Apr 10, 2018 12:26 am
becjarrettdalton
mbwest
mbwest
23 March 2018

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

2
2409
mbwest
Mar 23, 2018 4:43 pm
lad2018
lad2018
15 March 2018

Lender Mortgage Insurance Question

Lender Mortgage Insurance Question

Try to check with another insurance online calculator, like here: But indeed, for me your argument and calculation sounds good

3
1056
lad2018
Mar 15, 2018 4:33 pm
StructuralBIMGuy
StructuralBIMGuy
7 March 2018

Architect/Designer fees

Architect/Designer fees

The Architects & Builders want to be paid for work nothing is free, especially, if the building contract falls over If you haven't got enough for fees (2-3%) then you…

3
1556
StructuralBIMGuy
Mar 07, 2018 12:14 pm
StructuralBIMGuy
becjarrettdalton
becjarrettdalton
20 February 2018

Things to discuss about mortgage penalty

Things to discuss about mortgage penalty

Erm - this is Australian site - in Australia no penalties for variable rate - go Aussie!!! The rest doesnt really apply to us either

1
1503
becjarrettdalton
Feb 20, 2018 5:56 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
19 February 2018

Go cheap now or better later?

Go cheap now or better later?

Got it. That’s lending criteria....tough isn’t it. So you can’t even buy a fixer upper? Potential future knockdown?

3
671
becjarrettdalton
Feb 19, 2018 7:06 pm
becjarrettdalton
plc
plc
9 February 2018

Buy land now, or jumping the gun?

Buy land now, or jumping the gun?

As Bec says, only you can make the call. Its a lifestyle decision. Just make sure you are able to afford the loans with an equity release and there is no shortfall in…

2
1017
plc
Feb 09, 2018 11:04 pm
HDRider
HDRider
29 January 2018

Valuation based on preliminary floor plans

Valuation based on preliminary floor plans

Hi Guys, Does anyone know if a bank (/Valuator) can consider preliminary floor plans and site plan (without…

0
537
HDRider
Jan 29, 2018 4:44 pm
becjarrettdalton
becjarrettdalton
21 January 2018

Build Loan

Build Loan

Do you have a spare room??? Sounds like bliss!

7
1499
becjarrettdalton
Jan 21, 2018 3:14 pm
becjarrettdalton
JAMBY
JAMBY
2 January 2018

FHOB - Newbie nerves

FHOB - Newbie nerves

You 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…

1
961
JAMBY
Jan 02, 2018 1:29 am
JAMBY
becjarrettdalton
becjarrettdalton
15 December 2017

Finance different trades in custom build

Finance different trades in custom build

Perfect, that’s a great idea. Lock down exactly what you want, visit the suppliers they use & make your selections as early as possible.

3
731
becjarrettdalton
Dec 15, 2017 11:16 pm
becjarrettdalton
rakshu_n_ranch
rakshu_n_ranch
20 November 2017

Land evaluation in Highbrook Precint, Gateway Estate

Land evaluation in Highbrook Precint, Gateway Estate

Hi, I picked up a stage 15 lot at this estate. What has the bank evaluation been on lots around this estate? Has there been huge shortfalls or has the land value…

0
606
rakshu_n_ranch
Nov 20, 2017 3:58 pm
dream2017
dream2017
12 November 2017

Is booking a land and on-sale later a good strategy?

Is booking a land and on-sale later a good strategy?

Hi Sorry, was out of touch a bit and late in response. Yeah you are right. It would be a bit of gambling on the return, I agree. Thanks for the input. It helped.

5
871
dream2017
Nov 12, 2017 9:45 pm
becjarrettdalton
becjarrettdalton
8 November 2017

Interest Only Payments end after construction?

Interest Only Payments end after construction?

You know you're allowed to pay extra, and any extra you pay comes off principal...if that helps. If you're wanting to start sooner

5
947
becjarrettdalton
Nov 08, 2017 5:00 am
becjarrettdalton
michae
michae
19 October 2017

Second Mortgage

Second Mortgage

Hi Many mortgage lenders are reducing the availability of second mortgage programs as the secondary…

1
709
michae
Oct 19, 2017 10:50 pm
michae
michae
michae
19 October 2017

First home - How much do I need to save?

First home - How much do I need to save?

Great Job! you are one step ahead for people…

17
5273
michae
Oct 19, 2017 10:27 pm
michae
michae
michae
15 October 2017

Finance not approved - preliminary deposit

Finance not approved - preliminary deposit

I agree with @lovisa . It will also depends on the time gap between the…

2
1242
michae
Oct 15, 2017 5:10 am
michae
michae
michae
13 October 2017

dreaming?

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…

3
984
michae
Oct 13, 2017 8:49 am
michae
becjarrettdalton
becjarrettdalton
12 October 2017

Construction Loan for off-grid house

Construction Loan for off-grid house

So 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…

3
644
becjarrettdalton
Oct 12, 2017 3:54 pm
becjarrettdalton
poida
poida
7 October 2017

First home buyer- over committing on finance?

First home buyer- over committing on finance?

I would advise to only take financial advice from someone who is licensed. I'd be surprised if the people commenting are qualified to provide advice.

10
1445
poida
Oct 07, 2017 9:27 pm
michae
michae
6 October 2017

First Home Buyers - Stamp Duty

First Home Buyers - Stamp Duty

Hi! , By definition, stamp duty is a tax which must be paid on…

7
1134
michae
Oct 06, 2017 9:06 pm
michae
michae
michae
6 October 2017

Construction loan repayments

Construction loan repayments

You might probably know that, loan repayments are also interest only during the construction period, providing comfort and security to renovators and home builders by…

6
1322
michae
Oct 06, 2017 8:32 pm
michae
michae
michae
28 September 2017

Land and Construction Loan

Land and Construction Loan

Well, Buying land & building a new home can be an exciting experience. And if you plan to get financing you need to understand…

4
1256
michae
Sep 28, 2017 6:26 pm
michae
plc
plc
29 August 2017

Land loan

Land loan

As 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…

7
1068
plc
Aug 29, 2017 1:58 pm
plc
plc
24 July 2017

Finance - External Broker vs. In-house Broker?

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…

5
749
plc
Jul 25, 2017 12:59 am
wongbruce
wongbruce
12 July 2017

Financing additional items after handover...

Financing additional items after handover...

Usually once the house is built so long as the value of the property has increased you should be able to top up your loan. Ensure you don't exceed the 80% lending ratio or…

4
872
wongbruce
Jul 12, 2017 10:46 pm
plc
plc
10 July 2017

Time Frame of when to apply for construction loan?

Time Frame of when to apply for construction loan?

There are some lenders that will allow you to construct your property and drawdown a loan up to a year after land settlement. So if you have all the drawings, contracts,…

2
810
plc
Jul 10, 2017 3:51 pm
plc
plc
3 July 2017

Henley home, partially built- not Advice

Henley home, partially built- not Advice

Hi 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…

6
903
plc
Jul 03, 2017 11:22 am
plc
plc
16 June 2017

Conditional approval subject to valuation

Conditional approval subject to valuation

It'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…

7
1528
plc
Jun 16, 2017 2:01 pm
preeeth
preeeth
7 June 2017

Home loan interest rate bottomed out in Australia?

Home loan interest rate bottomed out in Australia?

Thanks Tej, Tom and Bec...your inputs have created good awareness on fixing rate, with this I will be able to assess my situation and make wise decision on interest rates 😄

6
1094
preeeth
Jun 07, 2017 8:19 pm
preeeth
becjarrettdalton
becjarrettdalton
5 June 2017

House and Land Package Finance - Nervous First Home Buyers

House and Land Package Finance - Nervous First Home Buyers

HI Caydenn, I haven't run the numbers on affordability as thats a much bigger conversation. Your broker has the full story so I would trust them. As mentioned above, the…

3
952
becjarrettdalton
Jun 05, 2017 3:35 pm
becjarrettdalton

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