First Home Buyer Q & A
1. MAKE SURE IT HASN'T GOT TERMITES!
2. MAKE SURE THE PLUMBING WORKS.
3. MAKE SURE THE AIR CON. / HEATING WORKS.
tHESE ARE JUST A FEW TRAPS i'VE…
Maybe if we start the build off using our cash then ask for a reno loan instead....do you think that would work…
Investment Strategy - Is this workable?
One trick in this strategy is to not get greedy with your rent!!!
I suggest you price the rent at or slightly below the market value and be very dilligent with your…
My 2 cents worth.
I would strongly recommend you contact an independant broker, get them to come over and go thoru your situation. Talk to them about your plans, income…
Section 27 help!!!
I'm really hoping someone might be able to help me with this one! sorry, this is a long & detailed story!
We sold our house in mid June. The section 27 was signed by…
They Stole My House
I subscribe to a few realestate newsletters and here is one that I was never aware of.
Real Estate Fraud.
Cars are stolen, bikes are stolen, money is…
How high will interest rates go?
Well if they keep increasing it at only .25% every 3 months then it is going to take a year just for a 1 percent rise.
Back in the 90's they had one rate increase of…
Dec 14, 2007 4:22 pm
Home loan question
Hi Belinda, these items would have to be included in your fixed price quote when you get your full approval for the construction. If you took a personal loan for them you…
You're making your mortgage work for you! So that's a good thing!
this is ridiculous
I am in no doubt that my re-application will be approved as we are only borrowing part of construction value, land is fully paid for, rest is our own money, which is the…
Apr 02, 2008 10:32 pm
Well, I'm experiencing delays with the credit union sorting out my loan, see my thread in here, STILL waiting for them to get back to me or their evaluator to approve the…
Apr 08, 2008 10:01 pm
Interest rates above 10%?
So is the traditional theory that "property prices double in value every 7-10 years" now also out the…
Apr 12, 2008 6:07 pm
Owner occuppied or investment?
Of course you live in it...
Tax rulings allow you to take in Borders (Not renters) and you dont need to declare their income.
You wont pay Capital gains tax…
Apr 22, 2008 10:17 pm
proving value of land??
For a residential valuation I typically pay $450. For commercial vals its horses for courses. The last one cost $2,200 for a projected 29 lot subdivision.
May 14, 2008 9:06 pm
How big is your mortgage?
Our first house, which we bought in 1984, cost $42000. The vendor invited me to buy his pristine XY Falcon GT and the house for $50,000. I said no because we were already…
May 16, 2008 10:23 pm
Company closed down
Thanks for reply Dana.
My husband's friend works for this new company, and as soon as he heard the news, spoke to his boss, as he knew his boss was looking for the type…
deposit on construction loan
Sorry guys to drag this back up.
Just one quick question, with regards to home loans where you have one for the land and one for the building of the house. I'm assuming…
Bank Valuations on House+Land Properties
This can depend on your lender, but some will refund part of you LMI if you have your property revalued and the amount outstanding on your loan is < 80%.
most will only…
Jul 02, 2008 7:47 am
It is a big decision for us to build now, because once we build, we will fall under mortgage stress category, will be spending around 29% on mortgage
We are currently…
Has anyone used MECU before?
Thanks for your feedback. They do have a "green" loan and the rate is the same as for the first home owners loan. I think I like the fact the fees are readily…
The Red Dragon
Bugger! oh well, NAB and Westpac won't be far behind i guess.
I think that there could be another 2 interest rate rise.. my DH looks at the news everyday... although he is concerned about it, but we are not fixing the loan... i just…
What Loan? Advice please.
I'm Dave, Hubby from post above,
There is, as you can imagine many options here, but the best one (in my opinion and experience) depends mostly on your financial…
order of title
sorry I didn't phrase my question correctly, upon settlement, they only have to provide us with an order of title, not the title itself. My understanding was that the bank…
bank effed up!
It's all being sorted out between our solicitors, their solicitors, the bank and our mortgage broker... the wheels are turning, we don't have to make a scene. The bank got…
Finance for building and or owner builder
It is more difficult at the moment in general to arrange finance but I can arrange finance of up to 75% of the properties end value if owner building through Home Building…
Q's about loan/mortgage
This question comes up often. I know it is possible to package cars into a home loan at the time of home purchase is by way of an EQUITY GUARANTEE home loan as I have…
If you have 10% equity in your home and your bank is not one of a few (I shouldn't name them here) that doesn't go above 90% LVR in a home loan, you can apply for an…
Oct 17, 2008 10:07 pm
Line of credit and offset accounts are fantastic. with a Line of credit, so long as you have the discipline not to spend the available…
Need a 100% offset loan
Many brokers are scrambling week to week to get a sale - hence they are not really knowledgable about what is best for you.
I've used a…
Loans - help.
I thought about using my parents house as equity after my fix rate finishes in 2 years time. I have read the basics of this arrangement but would like to know what are…
Oct 28, 2008 11:23 pm
Recommend Mortgage Broker
I highly reccomend mine from Inovayt. I would of given up if it wasn't for him. Very reliable, done a great job and makes sure are well looked after.
New govt savings plan for first home buyers
There doesn't seem to be much interest in this scheme at the moment probably due to the long term nature of it but if 100% loans become harder, I suspect there will be interest.
Mortgage - Pre-Approval
I'd love to know where you are getting a 100% construction loan from? We used 3 different mortgage brokers and non could find a 100% construction…
To Mortgage or Not To Mortgage?
Actually, I thought it was a case of paying for the car and THEN the extra $32,000 to have the conversion.
So it's really $32,000 for the whole…