travelbugPaying off debt before home loan application?
20 July 2015
They also look at the limits on your credit cards. Even if you pay them off each month. So if you have one (or a couple) reduce the limit to what you really need.
Building4my3totsPaying off mortgage cheaper than 26 years ago
17 July 2015
Definitely a Sydney thing! Old fibro houses are fetching over 1 mil in my suburb, It's so crazy! and building industry always catches on, so building cost just raise too!…
plcCan I use land as a deposit for a construction loan?
26 June 2015
Yes, as others have said, you can use the equity in the land going forward on the construction loan. Note that there will be stamp duty to pay on market value even…
becjarrettdaltonHome Loan question
16 June 2015
NOT giving tax advice, here's a quick blog post I have written which might make sense of the above advice http://homeloancomparison.com.au/offset ... investors/
becjarrettdaltonBetween A Rock And A Hard Place
16 June 2015
Tom's right/ If it gives you some comfort get prepared for the maximum loan amount you think you will need, and then it's only the valuation thats a variable - removes one…
Stuart05No Lawyer/Conveyancer for the construction Loan?
13 June 2015
if you aren't comfortable at being able to understand the building contract then it may well be worth having a lawyer look over it (I think you will find a conveyancer…
annieleeApplying credit card while waiting for loan
30 April 2015
thanks for all the reply... the reason i wanted a credit card is to get point for QFF with some purchases that i might be buying before the house/land is ready.. im…
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…