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…
shapeBuilding loans, does my bank know what it's doing?
5 February 2013
The loans should be separate- Land loan settles first than the build loan later on...unless the bank officer/broker structured the loan as a package and submitted both…
Room2BreatheUnsure of loan reqs & other. Help please?
29 January 2013
oh spoke to them, its only a small bank & she remembered us (which is good! lol) She said it should all be fine to do it that way, provided we DO pay off the debts etc, &…
shapeGetting a home loan with lousy credit history
12 January 2013
Suncorp, ING, Citibank etc...there's a lot. To be honest no point listing them all as you need to find one that FITS your situation rather then " apply and hope for the…
plcconstruction loan for renovations - the initial valuation
4 January 2013
Definitely construction loan then. Just need to be aware that because the extension will cost about 300K doesn't mean that it will add $300K to the valuation, the value…
plcTax deductible if building an investment property to sell?
25 November 2012
Same as the rental answer. Need to prove to the ATO in case you get audited that the intention was to rent the place before you decided to sell it. The property history as…
leisadenthelp! condition of property holding back loan approval
17 November 2012
I got the unconditional approval anyway! The LMI people were satisfied that I have extra savings to cover essential repairs. I'm going ahead with the building inspection…