becjarrettdaltonConstruction loan query - docs for items outside contract
25 March 2015
Its more about the bank being unable to hold a security that doesn't have a kitchen, and being unable to force you to use the money to put a kitchen in. We all know you're…
questionableBuilding a new home while also having a mortgage
17 March 2015
Forgot to add that we have everything sorted with a builder so they're ready to build as soon as we say so. We don't have as high figures as you but pretty much the same…
becjarrettdaltonQuery about land and construction loan
17 March 2015
Hi Mansawant - they do a valuation on the complete package - what the finished house on the land is worth. If you have equity in the land and a large deposit for the build…
becjarrettdaltonQuestion about home loan and untitled land
11 March 2015
your solicitor will want you to have an approval by that date or rescind the contract - or explain the repercussions in regards your deposit of you don't get finance in…
travelbugBetter to sell first, rent while building a new house or not
24 February 2015
The most important thing is to speak to your bank. Some banks don't like lending for a build when they have no collateral (ie the land). You don't want to be buying…
becjarrettdaltonFinance decline and getting our deposit back
19 February 2015
Agree with Tom, and you sound like you could be approaching the sunset clause date - also get a second opinion on the finance, you may have other options. Not all lenders…
Matt1Reasonable Conveyancer Pricing & Practise?
9 February 2015
I paid $990 (each) to sell a house and buy a block of land in the middle of 2013 (in NW Sydney). Around $1000 was fairly common in NW Sydney at the time. I would have no…
bigdreamerCredit Report - Consumer Credit Enquiries
5 February 2015
Thanks so much for your replies! I only have 2 inquiries for last year (none in the last 6 months) and none for this year so sounds like I should be okay. I wonder why my…
adoremanFinancing Questions Regarding a new off the plan purchase
2 February 2015
Thank you very much for that shape. !
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,…