jb_moneyWhat can you include in your construction loan.
20 January 2015
Hi Bec, It is important that you provide the bank and valuer all quotes including floor coverings and try and see if you can include the driveway and landscaping into the…
becjarrettdaltonBank val for construction loans
18 December 2014
I absolutely understand! There's only one way to find out - get your broker to order a valuation and see what you're working with. There are lenders who will consider up…
becjarrettdaltonLand valuation @ The Ponds and Surrounds ..
27 November 2014
OK, so it can go one of two ways - the valuer could say at settlement it was worth the price you paid - and therefore give that value, or, hopefully it goes on comparative…
becjarrettdaltonWhere to start for a two newbies!
23 November 2014
HI, How far away is your build contract? What state are you building in? And what do you need to borrow as a percentage of the total cost, for example are you borrowing 80%?
emperor_jNew home & land purchase - loan situation - questions!
15 November 2014
Hi, It is good to here that all things are sorted now, well-getting loan is very difficult thing to achieve. One of my friend has taken loan with the help of Eden Loans…
Construction Loan - All Approved BUT unexpected situation
Hi Joshua, generally once the loan is approved and settled (even if only partially) the bank doesn't re-check your employment - they don't want to be stuck with a half…
Include inclusions/upgrades in quote for Valuation?
I absolutely agree, show the bank everything, you don't have to borrow more but if its included in the valuation it could even get you out of mortgage insurance territory…
MyH1LoginStamp Duty Reduction for first home buyers in Victoria
16 October 2014
Just called SRO- Victoria You have bought a land that has settled on or after 01 Jul 2013 and paid full stamp duty. Then you have entered…
harryaustinPersonal Finance Calculator: What do you use?
26 September 2014
These works really fine... I.m also using the one named "Loans Calculator For Australia" which is a smartphone app and makes every financial calculations with much ease.
plcKnock down rebuild with an existing mortgage
16 September 2014
Yep, the construction is normally a separate loan during building drawn in stages, and then amalgamated into one at completion. As for LVR, it can go up to 95% LVR, but…
shadowarriorReady cash calculation for purchasing land and building
10 September 2014
Hi Guys, Thanks for the replies. I think I was making the mistake of thinking that 5% deposit (real savings) needs to be deposited with bank which is on top of our cost…
trixeeHow long should a response from a mortgage broker take?
10 September 2014
I'd ditch her and move on too. My broker answers all my emails pretty much straight away, bless her as I have been a little bit of a pest I think, been keeping in contact…
CranzyLand first then construction - confusing calculation.
26 August 2014
The only variable will depend on your total "as if complete" valuation come construction time. So if you can retain the 20% equity in the land,…
bprattCan anyone help with advise with a Land & Construction loan
31 July 2014
I just joined, so I am not allowed to send any messages/replies. Would you have an idea as to when we are allowed to send messages, from…
plcHouse & land package vs land first-negotiate with a builder?
31 July 2014
If you like the block, you like the builder and you are happy with the plan (or the builder is happy to make changes)…
jb_moneyFHO - having trouble with vacant lot finance w CBA
21 July 2014
Ah this is quiet a tricky predicament indeed... Property in close proximity (within 100m) to High Voltage Power lines will likely be considered unfavorably by most…
jb_moneyFirst home buyer: expecting low valuation
23 June 2014
The main reason that valuations come in low is that the valuer did not find any comparable sales to support the value that you estimated. However there could be other…
LaceyMFINANCE or NOT heating&cooling & fencing & landscaping
3 June 2014
If you bought in an estate read over the design guidelines, in ours we must have all visible works (front landscaping, letterbox, fencing) done within the first 3 months…
shapeUnconditional Approval, but questions around settlement
29 May 2014
14 days settles from date the notice was sere is common for Off the plan and vacant lands. 1. Try to get an extension to 21 days, it be less stressful for you. 2. Your…
V1SHRNZLender's mortgage insurance - how did you pay it?
26 May 2014
LMI is capitalised onto the loan by the bank. However if you borrow more than 90% then the LMI amount shoots up drastically. Try to keep to a 90% lend as you will tend…