HELP, Problem with Westpac
Not a good situation but I agree wirth Ed. They signed off on it thier problem. I have had a few lenders try and pull their approvals on me / my clients but thankfully…
Townsville property manager
Hi OP, something worth considering is talking to The Tenants Advocacy Group about their experiences with various agents. I know there are some agents in Townsville have a…
Construction loan questions - urgent
....most pre-approvals are so useless, it's just a marketing tool in my eyes.
Seen so many people still get rejected, even after they have the so…
Oct 05, 2012 3:15 pm
Our Construction Loan Nightmare
Just heard on Friday we received unconditional approval from Westpac!
Can't believe what took St George 3 MONTHS took Westpac 9 days!! Sweet sweet relief
Paying rent while building
Just thought I should check in on this thread; a lot has changed! Thanks kitkat and juski for your recent replies!
Here is an update on our situation and plans:
Homeside Processing Times
I originally had my loan with Homeside. I similarly had multiple issues where responses and outcomes were communicated to be occurring on particular days, and those…
ANZ Processing Time?
Congrats! Where are you buying / building?
Yes indeed it was comforting to know we weren't alone!!!
Hi i am going to apply for a construction loan with homestart,we are borrowing $120,000 after we have put a dep of $30,000 down,is a…
Sep 13, 2012 5:08 pm
Builder Needing Proof of Finances
Seems like different people have had different experiences - thanks for your input guys. Was just wondering what everyone else had to do...
First house - mortgage questions
tompab, as mentioned by travelbug, if getting a variable rate, look at getting an offset account linked to your home loan instead of relying on redraw. An offset account…
Land Price Negotiations
It doesn't hurt to ask, and see what they say.
As for demand, one way of telling is how long they have been on the market. If they're newly released, might be worthwhile…
We did your Option 2 (sorta) .... bridging finance to buy the land, sell our current house, rent between the sale and the completion of the build, then move in to the new…
Aug 23, 2012 10:33 am
Aug 19, 2012 2:19 pm
Paying 5% Deposit on land
Just be careful to make sure the bank has acknowledged funds paid to the builder so they can adjust the net amount available for your loan settlement. For example if you…
interest only loan
We have interest only as well and have so far managed to keep an offset account going. I transfer money in and out as need be - figuring even if its only in there a few…
Aug 07, 2012 10:57 pm
This is a pretty broad question but I'll attempt an answer, it also depends on your supplier and location too.
We are a couple, going to be living in a 32sq home with…
Question about block/house loans?
Ill try to answer your questions without writing a whole essay ....i'll try
1. The 2 loans are separate
2. You first get your land loan- and what ever deposit…
Jul 05, 2012 9:44 pm
Current loan question
Westpac is the most expensive lender for most people even with their standard package discount of 0.70%
At the moment you should be aiming to…
First home buyers question
If you're in Victoria, as bubblynutter says, you pay stamp duty on the land only. You will also get a reduction on the stamp duty if the house you…
Mortgage for house & renovation
Are you using any other property as security? Some lenders will lend you up to 95% of the purchase price plus the renovations. If you have equity in other property then…
Porter Davis and Choice home loan
I love PD designs but hate the process of all this. I will refuse to get choice to assess my situation when the time comes. We have a letter from…
When FHOG will be paid to us?
Ok, I have the answer from the horse's mouth! AKA the SRO!
It depends how you applied for it, if it was direct to the SRO they will not consider your application until…
May 24, 2012 11:28 pm
First progress payment to builder
My first Home owners grant and bonus been approved by SRO. First Progress payment paid to builder by bank yesterday, but i didn't got my first Home owners grant…
First home buyers with low deposit
You can find Low Deposit Home Loans really very helpful.A traditional home loan with competitive interest rates to suit first home buyers and owner occupiers Standard…
what bank to go with
i thought there would be a catch, im just trying to find a bank with no fine prints lol
Stamp duty discount
When I was conveyancing the FHB discount didn't exist, but we would only do the PPR concession (and FHOG) forms if there was no mortgagee involved, otherwise the bank would do it.
Vendor Finance - What to be aware of
First things do you realise you wont be able to get a normal house loan? Land that sizes means you need to look into commercial / rural lending.…
First Home Buyer Here - and Confused!!
Thanks Bashworth, any help is much appreciated =) I keep getting conflicting advice on all my questions so I guess I'm just going to have to keep asking LOTS of questions…
vendor finance between famliy
If its a properly documented vendor finance arrangement and your parents are providing 'credit' then your parents will need to be licenced under the National Consumer…
Apr 18, 2012 12:10 pm