$420/week disposable income - is this enough?!
Affordability is a tough one to work out. To be honest to figure it out properly then we'd really need to see everything (gross income, debts, etc) as we stress test the…
jb_moneyNon-applicant spouse that is self-employed (UPDATE)
5 August 2013
Congratulations!!! That is great news Dant. Commonsense lending is hard to come by these days. However it seems like you found one of them which can accept one year…
plcAnother construction loan Q - re: finance timeframe
22 July 2013
Hi Dant, It's likely that the land and construction loans will be two separate applications however they can be submitted at the same time. You aren't able to obtain…
xxkatxxWhat happens to "left over" money on loan
1 July 2013
we have the exact scenario as you...we finally got an answer that we would have to provide the invoice to the bank and draw from the loan just like a progress payment for…
addisontNewhere - Conditional Approval given - then not
30 June 2013
We had the same issue of conditional approval being renegged on by the bank. In the end it all got sorted, but we had a rant through the bank's complaint system, and had…
jtrain81Principal & Interest or Interest only - Primary Place of Res
15 June 2013
Thanks guys. I thought this advice was dubious, given my mortgage broker shot it down, but just wanted to make sure. As you say, if it worked this way, everybody would…
oncewerefurriersWho is your land loan with and why?
11 June 2013
We went with ANZ. Having not been in Oz long (7 months) we thought it was going to be difficult getting a mortgage. I think it was made much easier because we'd banked…
plcBank declined loan and now vendor keeping deposit!
7 June 2013
In most contracts the subject to finance clause should refer to a general condition which states the purchaser may end the contract if they have no loan approval as long…
jcbissorjust starting out - Need help to understand the process
24 May 2013
Posting to follow your thread.. We're about to sign with Goodlife on Sunday. Our block deposit happens on Monday. Which goodlife design are you building?
mjmelbSuccess and failures for new home & land finance
21 May 2013
Thanks Shahin A, I guess I just want to know if people in the Epping area have had valuations come in at build price. I used to work in a Home Loan Centre so am confident…
Scotty DogSeperate loans for land and construction?
16 May 2013
We are building our house with 2 x loans, a separate one for the land and a construction one for the house. This is because we originally bought the land with a house on…
surfpradoBefore buying a block of land, did you have it inspected?
15 April 2013
I asked for engineering plans before i signed. The agent said it had no services running thru the block. Guess what? 1.2m storm water drain running thru the back of the…
5ullyByford consider metro or Reginal with Keystart
12 April 2013
Hey all, I am new to house building or even buying a house and have decided to go through Keystart. I have been advised that Byford is consider Regional for Keystart…
nnsha1RE: URGENT Help/Info needed!!! Please - CBA Home Loan Appli
11 April 2013
Hello ALl, thanks for your all contribution and different prospective. I do apologies for a late response here, but finally i got my pre-approval done without any further…
Homebody99Are we going overboard with our budget
2 April 2013
If thats your financial status now without you working then saving $1000 a month - with you still not working (being home with bub) and owning your own home based on the…
colebatchdHow did you decide when to stop spending??
27 March 2013
I have this conversation with my wife all the time. I'd say there are two points to consider: 1. The resale value added by the spend, as others have said above. 2. The…
plcAm I likely to be approved for a home loan?
19 March 2013
Hi death2thepixies, Lenders nowadays work to their own serviceability calculations, the 30% rule of thumb is more from a personal point of view, and is there because just…