AU 
Can i afford to live in my homeIf you are planning on the property bring an investment property down the track then borrow the 90% and the LMI. Down the track when… Drekko replied 1 September 2014 ago overcapitalisation ???
Be careful with gifted funds if you plan to give them back. The lender will make them part of the loan.
As the OP said, and you said yourself, he has no issue with… Crazyk replied 11 August 2014 ago Nervous about approvalDo up your own budget and also adopt standard living costs at about 30k for a couple and 16k per child.
For the loan repayments use a principal and interest calculator… Builder Progress PaymentsIn the end, St G agreed to the builders list of progress payments except they swapped the last 2 around as they needed minimum 10% for the final payment. Builder agreed… First home buyer: expecting low valuationThe main reason that valuations come in low is that the valuer did not find any comparable sales to support the value that you estimated.
However there could be other… Construction Loan - Westpac BankIf you include such items as:
- light fittings
- landscaping
- retaining walls
- concreting
- carpet
- pergolas
on the documents you lodge with your bank they will… shapeMay 29, 2014 8:50 am St George Construction LoanHi Yaditya
Are you looking to use equity in the land that you're looking to build on? Have you settled on this land… shape replied 22 May 2014 ago shapeMay 23, 2014 12:03 am finance for 2nd houseHi Hachy
Whether a bank will lend for the second property will come down to your overall borrowing capacity and the availability of a deposit (either via equity or… Valuations - street vs area vs suburbThey will be using the plans and specifications, etc from the builder to determine the valuation for construction. Total valuation is based on the land value plus build… plc replied 9 May 2014 ago Deed of agreement/guarantor loanThanks for the reply. They said she just has to own 20% which she does. But it doesn't matter now anyway. Coz she has decided not to do it. Where to start?Although it may seem to be a pain paying LMI it does help you get out of paying rent sooner.
For instance on a total loan of $400,000 with a $20,000 deposit you could… Building for less than contract value.This sounds like a really terrible plan.
First of all, I think you were ill advised by your broker and cannot understand why they would give you such advice, except… Land loan & construction loan questionBecause our construction loan is going to be quite high so we want to just have the one loan rather than combine 2 and be paying off more, we will still have cash to… shapeMar 23, 2014 7:13 pm Westpac - 5 progress payments only5 is normal ...6 including deposit is also normal 
>5-6 progress payment occurs normally with the smaller builders/private builders as they have a very tight cash flow… shape replied 23 March 2014 ago shapeMar 23, 2014 7:04 pm Home loan for brotherJust a suggestion (and I'm not saying your brother is untrustworthy) To get him used to paying a mortgage of the house, why don't you… shapeFeb 20, 2014 11:08 pm What a nightmare$200 defaults is ok.
However you def can't apply for NAB as you have a default mortgage listing with NAB; one reasons why it's not always worthwhile going with your same… shape replied 20 February 2014 ago shapeFeb 20, 2014 11:04 pm Land release dayHehe sorry I had no practical advice or experience to share. Just made me think of the land runs of the wild west! Hopefully will be a bit more civilised for yourself hahaha. EmyN replied 6 February 2014 ago EmyNFeb 06, 2014 11:40 am Changing Job during home loan applicationThanks for the responses.
He has been in the IT industry for 10 years just working for different companies. He will now be working within IT still (same sort of position)… natlyn replied 3 February 2014 ago Section 27 confusionThanks travelbug - yes I was surprised and it feels a bit weird seeing things about other people's affairs, but the document appears to be part of the Section 27… spamjam replied 29 January 2014 ago First Home Saver AccountsHi Homemaker,
As per my previous post in the thread, we found the first home owner accounts very beneficial to guiding us and assisting us in our savings.
The government… Conditional to Formal Approval - KeystartUnfortunately we lost our block today to another buyer so we are back to square one.... just days from getting formal finance. All valuations checks etc had been done… Salsaby replied 20 January 2014 ago Valuation QuestionsNot sure if the other 3 blocks used a real estate agent or not...but we are in the process of using one to purchase the 4th block...Just cant understand how the most… First Home Builders Grant 30k TasMost of the time you need to complete SLAB stage in construction before the FHOG can be paid by the government so it may become an issue.
The equity will not help at this… How much $ do you have left over?We have a detailed budget for the next 2-3 years, although really only the next 12 months is important. We include savings, money every fortnight to spend on ourselves… ugbug replied 6 January 2014 ago ugbugJan 06, 2014 11:45 am Are we dreaming?I use to work for RAMS as a lender, this was several years back. Their rates back then are a bit higher compared with some of the more competitive lenders.
If you shop… Price reduction - rebate clause?Hi all,
We have just purchased our first home, and due to the late discovery of some serious damage to the house, the vendors agreed to drop the price. This was agreed to… supadupa started a topic 20 December 2013 ago First home buyers in here
We are 22 & 25 and both first home buyers/builders. The block is 650 sqm and the house will be 2 story (due to the views available), got to buy… Niccles replied 30 November 2013 ago Finance with a FIFO partnerYou can get most of the finance sorted wihtout him being around - if you use a broker or apply for a loan online you normally just have to supply a photocopy of ID signed…
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