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Last Post
AussieMark
AussieMark
5 March 2012

Has anyone been in this situation?

Has anyone been in this situation?
1, 2

Wow.... Terrible outcome. Friends are friends and business is business. Even if proceeds from sale were split 50/50 it still would have been a great deal as the other…

27
3566
AussieMark
Mar 05, 2012 9:38 pm
snowing
snowing
20 February 2012

Curious as to how people choose their lender / broker

Curious as to how people choose their lender / broker
1, 2

I was in a real rush to get things settle and end up went through a broker which is very good. He find me a good deal with Homeside and end up only used 4 days to get…

28
4173
snowing
Feb 20, 2012 3:07 pm
MikeF
MikeF
19 February 2012

Refinance - ANZ to CBA

Refinance - ANZ to CBA

Hi All We are going to refinance from ANZ to CBA. Have loan with ANZ for land, but for construction being offered a better rate through a…

3
876
MikeF
Feb 19, 2012 9:28 am
shape
shape
13 February 2012

Renovating - Which Loan?

Renovating - Which Loan?

thanks for that. I was getting worried as I thought because we were renovating, we had to get a construction loan, it is good to see that we…

4
637
shape
Feb 13, 2012 6:58 pm
shape
~steph~
~steph~
11 February 2012

Can you have a house mortgaged through two different banks?

Can you have a house mortgaged through two different banks?

Bugger, just as we thought. We are going to ask for a list of exit fees on Monday and see if it is worth breaking the fixed early. Thanks for the replies.

5
723
~steph~
Feb 11, 2012 7:41 pm
Pauankim
Pauankim
11 February 2012

Home buying for individual owner

Home buying for individual owner

Great idea on the untitled land........ esp if you bank the say grand a fortnight (your proposed mortgage repayments) it'll not only look good for the bank but you'll have…

6
952
Pauankim
Feb 11, 2012 11:19 am
srl
srl
11 February 2012

Renovation - line of credit vs construction loan

Renovation - line of credit vs construction loan

Michael, Thanks for your great advice. Yes, loyalty is not something banks value highly. The stamp duty is the piece which has really stuck in our throats. It felt like…

6
1333
srl
Feb 11, 2012 10:19 am
ilikethemoon
ilikethemoon
7 February 2012

Q re mortgage amount

Q re mortgage amount

Here is a good thread on the subject :) viewtopic.php?f=1&t=46427

2
702
ilikethemoon
Feb 07, 2012 6:09 pm
ilikethemoon
IncredibleBulk
IncredibleBulk
26 January 2012

Buying a second home Questions

Buying a second home Questions

1. Choose to fix the rate 2. make it P & I 3. keep LVR under 80% ( cash or equity) 4. claim Negative gearing benefit from the loan 5. Close…

3
815
IncredibleBulk
Jan 26, 2012 10:13 pm
shape
shape
25 January 2012

Buying a new house - deposit bonds and stamp duty

Buying a new house - deposit bonds and stamp duty

Hi, A few options, but which one you choose will depend on your serviceability + timing and use of the new place ( PPOR or IP? for tax reaons) 1. bridging loan 2. Going…

2
959
shape
Jan 25, 2012 2:52 pm
shape
shape
shape
25 January 2012

Bank Conditionally Approved Loan But LMI Rejection

Bank Conditionally Approved Loan But LMI Rejection

Hi, firstly the two major LMi companies in Aus is QBE and Genworth- having said that they are NOT the only two lenders use...in fact some leners ( around 9 of them )…

8
1662
shape
Jan 25, 2012 2:46 pm
shape
theanonyuser
theanonyuser
23 January 2012

Valuation

Valuation

This reply is to nicole1983, not the op. I went through a similar situation in Lynbrook. Unfortunately the inflated land prices you buy through the real estate agent…

6
1094
theanonyuser
Jan 22, 2012 11:37 pm
grace_slick
grace_slick
17 January 2012

Is this right? (Buying AND selling lose you money?)

Is this right? (Buying AND selling lose you money?)

Just as well you are not in Victoria. We pay the highest stamp duty in the country. I recently bought and sold and was out of pocket 50k…

11
1287
grace_slick
Jan 17, 2012 12:29 pm
grace_slick
AJW
AJW
15 January 2012

Confused about construction loans

Confused about construction loans

We do not actually want to do the sites works ourselves, just don't want to pay the builders margin on top of the costs. So we would liase…

9
2491
AJW
Jan 15, 2012 7:54 am
hfwangoz
hfwangoz
8 January 2012

How to process home loan when building my own home?

How to process home loan when building my own home?

Thanks guys. ::kiss:: After carefully thinking about my situation, I decided to borrow money for the land only. I will borrow up to 80% of the land value. I will try to pay…

3
712
hfwangoz
Jan 08, 2012 10:24 pm
shape
shape
8 January 2012

ANZ Builder's Pack

ANZ Builder's Pack

So you posted the signed letter of offer back on the 26th?? Given that last week ( Tuesday - Friday ) 3 days were the only working days...i wouldn't be to concern-…

1
920
shape
Jan 08, 2012 11:43 am
shape
B STAR
B STAR
19 December 2011

FHOB extension as OB, chances of success? (Vic)

FHOB extension as OB, chances of success? (Vic)

I asked for an extension ans succeed. You would have to prove to them that the delay was out of your control. Firstly are you sure that its 18months and not two years? I…

1
643
B STAR
Dec 19, 2011 12:49 pm
ChargerWA
ChargerWA
17 December 2011

Help!!!

Help!!!

See if you can get the tiler to supply the bamboo flooring. You pay him, he pays the bamboo flooring supplier. Even if he puts 5% on top you might still be able to get…

2
688
ChargerWA
Dec 16, 2011 11:54 pm
ChargerWA
rojak1
rojak1
5 December 2011

Bank valuation on construction loan

Bank valuation on construction loan

upgrades do not normally bring up the value of your "construction". land value + dwelling type is what the bank consider. you can build a double storey with either a small…

12
4520
rojak1
Dec 05, 2011 9:44 am
shape
shape
4 December 2011

Getting a home loan for a small apartment

Getting a home loan for a small apartment

Hi, Does that squ meter includes car space or balcony? If it's >40 then 80% LVR is fine- but at 80% LVR ( loan to debt ratio) you need to have good/strong…

6
1148
shape
Dec 04, 2011 6:45 pm
shape
Crow
Crow
4 December 2011

Home Construction Costs (GST Inclusive)

Home Construction Costs (GST Inclusive)

Thanks for the reply. Can the bank claim the GST that they have paid to the builder? Because if they can claim the 10% GST back why the…

5
1286
Crow
Dec 04, 2011 1:00 pm
HouseFenster
HouseFenster
30 November 2011

Balance Transfer Arbitrage

Balance Transfer Arbitrage

You may not see it as living on credit but I am sure the banks will. Now, I’m not saying that it’s a good idea or a bad idea but it looks suspicious to anyone who…

3
735
HouseFenster
Nov 30, 2011 4:46 am
Allan Faint
Allan Faint
28 November 2011

Need A Good Mortgage Broker!!!

Need A Good Mortgage Broker!!!

after 10 yrs i would like to hope i am considered a good mortgage broker. please checkmy site www.hfcahobart.com.au. regards allan faint

1
731
Allan Faint
Nov 28, 2011 8:10 pm
Allan Faint
4
769
oztraze
Nov 16, 2011 9:34 am
rojak1
rojak1
16 November 2011

Home Loan Re-finance

Home Loan Re-finance

bankwest loan is 6.78%

18
2238
rojak1
Nov 16, 2011 7:30 am
kels
kels
3 November 2011

How much should I expect to pay for a property valuation?

How much should I expect to pay for a property valuation?

Thanks guys, Our lawyer put us in touch with their valuer. It will be $400+GST.

3
765
kels
Nov 03, 2011 4:38 am
MikeF
MikeF
31 October 2011

Excel Spreadsheet for Mortgage Payments

Excel Spreadsheet for Mortgage Payments

Hi everyone. I've been chasing my tail for ages looking for a mortgage spreadsheet that will track all my loan payments, including extra…

8
2783
MikeF
Oct 31, 2011 8:33 am
theanonyuser
theanonyuser
29 October 2011

Ubank 6.59% atm

Ubank 6.59% atm

Also re-financing, with MyRate, 6.85% interest rate, 90% loan, and doing construction :)

10
1960
theanonyuser
Oct 29, 2011 4:12 pm
EagleStrike
EagleStrike
29 October 2011

Changing Jobs while applying for home loans

Changing Jobs while applying for home loans

Yeh at the end I decline job offers. Although they did offer me a letter explaining i'm not on probations. Just waiting until my house finish.

8
1916
EagleStrike
Oct 29, 2011 9:41 am
Helyn
Helyn
29 October 2011

Mortgage with Offset component

Mortgage with Offset component

Is there a big difference between an offset account and a loan that lets you have unlimited free redraws electronically with no fees or minimums etc. …

7
1469
Helyn
Oct 29, 2011 7:52 am
Helyn
shape
shape
29 October 2011

Self employed preapproval ANZ

Self employed preapproval ANZ

Hi, How long it takes depends on how complex the deal is + how the information was presented to the bank ( in order with notes etc...) But Generally speaking with ANZ…

2
672
shape
Oct 29, 2011 12:17 am
shape
investa
investa
26 October 2011

Cost Of Mortgage Insurance

Cost Of Mortgage Insurance

Just an update on my situation. Not sure what I have done to deserve this! Our broker has structured new loan at 92%. Last month I got pre approval with unconditional…

12
2060
investa
Oct 26, 2011 7:48 pm
buildingwest
buildingwest
24 October 2011

One applicant with bad credit. What can we do?

One applicant with bad credit. What can we do?

Hi, I would be very reluctant not to have my name on the deed and I would be considering legal advice. If you are also contributing funds to the home you should be…

8
1385
buildingwest
Oct 24, 2011 8:04 am
5
875
iDarren
Oct 23, 2011 7:06 pm
juski
juski
23 October 2011

Can a broker override minimum loan amount? BankSA or CBA?

Can a broker override minimum loan amount? BankSA or CBA?

Thanks for your advice Mike. I emailed the second broker and pointed out to her where on the CBA website it said the minimum loan amount, and asked her to show me…

2
722
juski
Oct 22, 2011 11:41 pm
juski
jj1
jj1
22 October 2011

Progressive payments.

Progressive payments.

Hi travelbug, I had been wondering, if we didn't want any loan, bridging or otherwise, how we would have to evidence our ability to pay to the builder. Don't get me…

18
1749
jj1
Oct 22, 2011 12:33 pm
btherl
btherl
21 October 2011

Comprehensive development zoning

Comprehensive development zoning

Yes I would expect it to be worth more. "Walking distance to shops" is a selling point. Though some people prefer peace and quiet. The CDZ near us has nothing at all…

5
675
btherl
Oct 21, 2011 2:40 pm
btherl
theanonyuser
theanonyuser
19 October 2011

Construction loan coming in 20-30K below contract price

Construction loan coming in 20-30K below contract price

I've had a chat to the new person, MyRates, and the valuation is back. The land is more reasonable this time, the house has come in at 190K. The explanation was that the…

13
1570
theanonyuser
Oct 19, 2011 7:30 pm
Matt Kenworthy
Matt Kenworthy
18 October 2011

Mortgage Brokers in Perth

Mortgage Brokers in Perth

Hi AubinGroveFan, Whilst obviously biased there is definitely a big difference between a good & bad mortgage broker (be it service, or through incorrectly structuring…

2
1365
Matt Kenworthy
Oct 18, 2011 7:41 pm
shape
shape
11 October 2011

Mortgage Paperwork - Where does it normally get sent?

Mortgage Paperwork - Where does it normally get sent?

No set rule.. you or the broker can ask for the paper work to be sent to who ever you like! Regards Michael

3
1026
shape
Oct 11, 2011 8:37 am
shape
hutcheee
hutcheee
28 September 2011

What loan do I choose? How do I build before I sell my house

What loan do I choose? How do I build before I sell my house

I actually thought of keeping it and renting it out but if I borrow the money for the land on my current morgage it will take it up to $450K, then when I borrow again for…

4
966
hutcheee
Sep 28, 2011 1:49 pm
hutcheee
investa
investa
24 September 2011

New loan application

New loan application

Wow Trent that answers everything! My broker said she has tried to do it as sperate land loan and construction loan but bank wants it done this way... Maybe im in a higher…

6
1204
investa
Sep 24, 2011 7:54 pm
juliettelisa
juliettelisa
24 September 2011

Progress Payments & Construction Loans

Progress Payments & Construction Loans

Our land is fairly flat, so that should help with site costs! Haha, I can completely understand your inability to concentrate! There is a special feel to Laurimar - you…

15
2768
juliettelisa
Sep 24, 2011 7:30 pm
mum2matt
mum2matt
19 September 2011

Help with loan options

Help with loan options

Hi Trent, Thanks so much for your detailed post... a few good ideas which I will followup on with the builder. Thanks again for your help, much appreciated. We have got a…

5
868
mum2matt
Sep 19, 2011 9:13 pm
Trent Davidson
Trent Davidson
19 September 2011

Loan may not approved

Loan may not approved

Hi Motion Bee, By the sounds of it your broker hasnt said you 'cant' get a loan.. Just that it MAY make things more difficult. If you are wanting to keep the land I…

3
1066
Trent Davidson
Sep 19, 2011 11:38 am
Trent Davidson
beaglebum
beaglebum
13 September 2011

clueless about options

clueless about options

thanks for the quick reply kyton! I'm about to go read up on line of credit :) I'm a little wary of the extra responsibility of renting out our existing, although we did do…

2
581
beaglebum
Sep 13, 2011 7:42 pm
ritwick
ritwick
13 September 2011

Home Loan Got Rejected Due To LMI

Home Loan Got Rejected Due To LMI

Hi, @MarkF Thanks for the advice I am aware of the NCCP Act and it will not be any advice but is only on how we overcome difficulties. It will never be on what product…

15
5026
ritwick
Sep 13, 2011 3:53 pm


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