Financing Questions Regarding a new off the plan purchase
Thank you very much for that shape. !
What can you include in your construction loan.
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…
Land valuation @ The Ponds and Surrounds ..
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…
New home & land purchase - loan situation - questions!
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…
Stamp Duty Reduction for first home buyers in Victoria
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…
Personal Finance Calculator: What do you use?
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.
Knock down rebuild with an existing mortgage
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…
Ready cash calculation for purchasing land and building
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…
How long should a response from a mortgage broker take?
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…
Land first then construction - confusing calculation.
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,…
Can anyone help with advise with a Land & Construction loan
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…
House & land package vs land first-negotiate with a builder?
If you like the block, you like the builder and you are happy with the plan (or the builder is happy to make changes)…
FHO - having trouble with vacant lot finance w CBA
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…
FINANCE or NOT heating&cooling & fencing & landscaping
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…
Unconditional Approval, but questions around settlement
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…