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…
kiskaFirst timer with question about FHOG and HCG
12 March 2013
Thanks for the replys I just wrote a long answer but lost it so Ill put down what i remember... We cant change banks because before we applied for this loan we asked…
PellanaConstruction loan - cost plus rennovation contract
9 March 2013
Our bank would not accept a cost plus contract - only fixed. I would talk to your builders and see what can be arranged. Ultimately with a cost plus contract it will…
Mil-24 HindBuilder Trying To Borrow To Build Own Home - Impossible?
5 March 2013
Hi Everyone, Banks dont like builders building their own homes simply because if something goes wrong.. the builders insurance isnt worth…
meowsyBuying land before settlement of current home?clauses?
4 March 2013
Thanks for the input. What you are saying makes total sense. I don't really want the added pressure as you have described. From what I gather many developers won't put the…
apk150Is anyone building at Farmingdale, Blacktown?
25 February 2013
Hi, I'm looking to buy a house at Farmingdale, Blacktown. Can anyone give their inputs about the suburb, esp. safety issues as I see mixed reviews in the internet? Thanks, PK
plcHas anyone every had this home loan application experience?
20 February 2013
Hi Sandy, What I notice a lot of times is the lender will go through the applicants credit history and if they see they have applied for any recent credit, i.e. credit…
elberta7Financing a house & land package already under construction
14 February 2013
Thanks Tom-looks like we might have to go down that route-all the better if we get what we want at the end of the day.
MarmaladeEquity in existing home, buying land and house separately?
8 February 2013
Managed to do this through a mortgage broker.. PLC gave us some excellent tips for which we are most grateful! We refinanced the existing home loan to enable the 100k in…
StepMammaSettlement Debarcle - Need advice please
6 February 2013
Hi, dragonchild and plc. Thanks for your replies. Much to our relief westpac have lifted the caveat and settlement is booked for tomorrow. We have settlement agents…