Hi 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.
Nov 06, 2015 5:16 pm
Just A Quick Question
I paid $1k to the land people, then signed the contract with a 21 day finance clause. On the last day the bank approved my finance, then I paid the balance of the 5%…
FHOG and Home loan
We are both from NZ and its not been a problem. We also got FHOG, although we had owned a property in NZ, but we had to pay stampduty. Our NZ passports were lodged with…
Paying mortgage whilst building
Just wondering if anyone knows how I can get my mortgage, or if I have to move, my rent paid whilst I build? I'm either looking to buy a small property and build at…
Urgent bankwest construction loan q
Sorry for the late reply, you might have better luck with them, we had issues but I was pleased with the customer service they always answered emails relatively quick. And…
Thoughts on mutual banks?
In short, organisations such as mutuals, building societies and credit unions can provide some excellent value products. That said, they normally have their…
Substitution of Security
Yes I've done that. Speak to the bank ASAP so you have all the paperwork in place for settlement.
Do We Need To Keep Reapplying?
so you have two loans, one for the land and one for the construction? if so then your broker is right, because even if you have unconditional, its only valid for a period…
Oct 09, 2015 9:58 am
Construction Loan Questions
If you hurryy things along with your builder is your apply with Westpac they're still doing their extended 85% lvr no lmi deal by 5 Oct. You have to settle by 31 Dec…
What Does The Bank Value On?
My hisband has now decided to be difficult and won't listen to a word I say. Hes been swayed by the person building the house next door who is a valuer and is building a…
Can we choose how much to borrow?
Yep 80% of the land then you can borrow 80% of the build as a construction loan when that starts. I can give you a great broker n Toukley if that helps.
Bank Cheque question (OR BEARER)
In all but extraordinary cases a bank cheque can only be cancelled by taking it back to the bank - the only exception being where it is lost, and there is a process behind…
Jul 28, 2015 11:31 am
they only re check after pre approval expires. Pre approval is only good for a period for a reason. Things can change. However, when you've drawn down your first payment,…
Jul 27, 2015 1:30 pm
genuine savings question
Some lenders can be a bit tricky in the genuine savings space, especially rookie credit assessors so be sure to try and get it escalated if you are not…
credit on loan
Good work, if you want to check you can ask the bank what are the "funds remaining" and check that against the contract balance remaining.
There is one lender who will do 95% plus cap the full mortgage insurance - as everyone has said the mortgage insurance won't be cheap but in a rising market saving extra…
Is This Normal Procedure For Settlement
Yep, as others have suggested, that is normal, that's the reason you pay your conveyancer/lawyer, to act on your behalf. They will do all the work behind the scenes, all…
Need To Know If This Is True
Ask them to apply for discretionary pricing and see what they can do. Happy to look at what I think it should come in at. I'm assuming it's only a fairly small loan…
AFG Home Loans?
At the end of the day when I am offering some lesser known lenders I say this:
You're borrowing from them - so you have their money, not the other way around - if they…
how much extra to have on top of deposit?
As Rebecca said, minimum is 5% for deposit plus approx. 5% for closing costs.
The issue will arise if valuation comes back short, then you will have to find more funds…
Between A Rock And A Hard Place
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…
Jun 15, 2015 12:04 pm
Valuation lower - what to do?
Quite a lot of builders charge a significant amount for site costs (these are not costs but charges) to make up for what is essentially a low base price. Just the way they…
Unfortunately you have committed the worst sin for investing. As you mentioned by paying extra into your current property, you have effectively missed out on…
Average rate is presently 4.3X% or around there - depending on loan amount and % borrowed, but, there are great offers well under this…
finance and insurance issues
I have terminated my builder now I need some advice on where to find builders that are willing to complete a half built house?
Also can anyone explain the insurance and…
Understanding the KDR finance process
We also allowed a dollar amount in our contract for selection upgrades. We tried to include as much detailed pricing in the contract as possible. The builder had us do…
Construction loan confusion
I suggest we look at St. George Bank.
The reason is St. George Bank could possibly get a valuation for your before the construction is finished.