Minimum levels of fit out - Bankwest construction loan
Different house price in final building contract
Well I'm glad you were able to lower the 10K down! On my estimate it says the price is valid for a site start prior to next year. I hope this means if site begins before…
Loan for things outside builders contract
Hi all, Not sure if anyone is still looking for information on this but we have recently met with our current bank, ANZ, and we have been told that when building a new…
Land then construction loan VS LAND/CONSTRUCTION Loan
It really depends on your situation as to which is the best choice. If you do not have plans / council approval / building contract etc then you pretty much have no…
What are the chances... Land Loan Equity???
Interesting JB, think I'll scrape together another $5k then purchase a block. This way i can get the ball rolling, throw a deposit at the builders, choose a plan & site…
Going on holiday at same time as purchasing property?
It really isn't a good idea to travel while buying a house, particularly for such a long time. However if you must... then try to do the…
$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…
Non-applicant spouse that is self-employed (UPDATE)
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…
Another construction loan Q - re: finance timeframe
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…
Newhere - Conditional Approval given - then not
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…
Principal & Interest or Interest only - Primary Place of Res
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…
Bank declined loan and now vendor keeping deposit!
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…
just starting out - Need help to understand the process
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?
Success and failures for new home & land finance
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…
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