AU 
Mortgage broker!Hi, we were in the same situation as you a year ago. We just moved to our new house. We are happy with our mortgage broker. We got to know him through a family friend… Equity and Loan DilemmaI have a client in a similar situation. We worked with them and their accountant and decided the best thing was to take the stamp duty hiyt and sell the property into a… Land Titiles and Construction LoanOk that's why they can't use it.
Your sister would have to be shown to have clear benefit by being guarantor, for example residing in the home - and she brings with her… Which bank?We've changed twice over the years and are currently with G&C Mutual Bank. Have been with them for about 4 years and so far the positives are:
Great customer service - I… New home groupI use new home group. Had good appeal with their building grant. I like the person i deal with in new homes group as when ever things havent been clear or if im annoyed at… Mortgage Broker!!Hi,
I have recently bought the house and use the services of Vijay Agarwal Mortgage broker M 0433882222
Whose service is very good he provide me best deal with bank and… Transfering of titlesNo problems. Glad to be of service. Hopefully it works out for your friend.
Cheers
Tom plc replied 15 July 2016 ago Refinancing with AMP Experience??If its the ONLY lender that will help in your situation, accept it. If there are other OPTIONS with other lenders, STONGLY CONSIDER THEM.
AMP is a stable Oz finance… Home + Land loan - information
Just to add to what Bec said, you mentioned that you were pre-approved? In that case if it is still valid and not expired, it may be an easier process with limited… plc replied 9 July 2016 ago Dennis Family HomesWow Gemma, at least it got thru in the end. Usually it like baseball, 3 strikes (apps) and your out!
Congratulations, you found a certified "joker broker" that Simonds… Buying land
Loan lending criteria is always a changing marketplace as different lenders position themselves for different niches. As such trying to secure finance for anything 3mths+… Bad Credit Home Loan AdviceWe are exclusive agent to direct providers of 100% Guarantee Urgent Loan Fresh Cut BG, SBLC, MTN, Bonds, Bank draft and CDs which we have specifically for lease. We do not… Huffle - Groupon for MortgagesNO NO NO RUN AWAY
In short they are lending similiar to RAMS 1.0 did (before Westpac took over in NAME ONLY) from their website info.
Nice in a positive disconnect… Using equity to purchase landSame goes for these 'guarantor' loans. NEVER EVER tie up my property for the kids. What happens if they divorce? (50% chance in oz, and I have 4 kids!), what happens if… Do Any Banks Pay Lump Sums?The bank will lend the $$$ as per the builders contract fixtures and fittings. If you want the platinum taps and gold drains and its not in the builders contract, dont… Recommend a good broker in SydneyMy kids used Alliance Credit on the pier opposite "The Star" casino in Sydney, but they have an office at baulkham hills too.
Alliancecredit.com.au
They were able to help… Valuation being more then build costSometimes valuations are a bit like astrology. But as long as the property has gone up since you put a deposit on in, and assuming you qualified for a loan then, you… End of financial year+1 Bec, pre-approvals are a nice feeling to have, but the actual assessment is made when ALL final documents are available (including the builders contract). I remember… Valuation risk on build cost?Everyones 'opinion' on what the per sq metre range means diddy squat. Talk to local agents and get a variance of price point. The only 'opinion' that carrys ANY weight is… Pay LMI or save up some more?
Yes there would be no LMI on the land loan. Then some or none on your construction loan depending on if you save 20% of the build cost by the time you want to build. … bank replied 20 June 2016 ago bankJun 20, 2016 11:33 am Title Insurance and Caveat worth it?dont worry about the caveat
basically means nobody can sell the land without your approval
the finance company will have lodged their own caveat until you pay the loan… Deposit/loan advice
When the bank does the valuation, they will take into account the land and construction as one for LVR purposes. As the OP already has equity in the land (and assuming it… plc replied 11 May 2016 ago Land Contract AdviseHi Thomas
Which city are you in, I may be able to recommend a professional in the area who can help you with your situation.
Regards,
Harish PonzuMay 04, 2016 12:09 am Land valuation
Thank you, I've heard so many different days that it lasts.
But our broker is telling me it is only good for the one contract we take to the bank. If we take a different… Recommend a good broker in melbourneYour probably sorted already, but my broker has been fantastic. She's got an office on Stud Road, in one of the shopping centers. Happy to give you her details, send me a PM  Confirmation on loan amountHi OP,
Just thought I'd chime in given you're asking about wanting to borrow more money than your broker had told you was feasible. You may be right in thinking some… naritas replied 29 February 2016 ago Selling and Buying - current loan is guaranteedYou are really out of luck I would say Zelda. Lenders only allow security guarantors nowadays, the only lender I know that allows servicing guarantors (income) are ANZ but… plc replied 23 February 2016 ago HIA CONTRACTHow far could they have gotten in to your build if the finance hadn't been secured? I'm guessing a site survey and plans/tender prep is about it? So depends on how much… Loan approval prior to land registrationYeah we would be classed as no 3 in your scenario naritas..sort of. We went direct to the lender so no broker in the middle (don't like them) and have an off the shelf… Borrowing after construction is completedIf your builder doesn't want to do it, but your bank allows third party quotes, get them done for the fencing, etc and include them along with your building contract to… plc replied 28 January 2016 ago Employment history and loan application
It all depends on what the mitigating circumstances are. If you are moving within the same industry and you have moved to a higher paying role, even with probation it… plc replied 28 January 2016 ago portable loanHi Yvette,
Bec summarised it pretty effectively. Portability works great for people who are downsizing because as pointed out the loan size isn't able to be increased.… plc replied 28 January 2016 ago Suncorp Bank Home LOanHi Gunners13,
Suncorp is somewhat overpriced for construction lending at present. Our company has placed a significant volume of loans with them over the years and the… naritas replied 27 January 2016 ago Provision CostOn the face of it no because your bank is lending you for the building contract and they will be advancing against payments to the builder not to you.
Another issue is… ING For Construction LoanAlthough it is a little of track I think it might benefit some by relaying my experience with ING Bank and their home loans. It has been 2 months since I first posted and… HELP!!!! HOME LOAN QUESTION.McKenz,
As Bec alluded to, 5% is a minimum nowadays (plus extra to cover stamps and excess of LMI over the allowable cap). You being a FHB also allows you to claim a… plc replied 21 November 2015 ago Land ValuationHi I'm new to the forum and i was just wondering is there anyone who has bought land in Mandalay Beveridge. Has anyone had any problems with getting their land Valued. kew23 started a topic 6 November 2015 ago kew23Nov 06, 2015 5:16 pm
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