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btherl
btherl
6 September 2011

mortgage refer service with commission refund

mortgage refer service with commission refund

That's a good point.. though on the refundsdirect website they say this: "You will be contacted by your chosen lenders who will discuss your needs, their products and…

4
697
btherl
Sep 06, 2011 11:00 am
btherl
deb17
deb17
5 September 2011

What are our chances?

What are our chances?

Congratulations, that's great news.

14
1504
deb17
Sep 05, 2011 2:02 pm
btherl
btherl
2 September 2011

Construction Loan Timeline

Construction Loan Timeline

My timeline was something like this: 1. Pay 5% deposit for land, from own money 2. Pay 5% deposit on building contract, from own money 3. Pay remained of my money that…

6
1590
btherl
Sep 02, 2011 10:41 am
btherl
catjim
catjim
30 August 2011

Owning Outright - Being Mortgage Free

Owning Outright - Being Mortgage Free

We paid off our first mortgage on 16 May 1986. I remember that day very well. It was my birthday the next day and I was determined that last mortgage payment was going…

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2186
catjim
Aug 30, 2011 9:33 pm
Titch101
Titch101
28 August 2011

mortgage/income protection insurance

mortgage/income protection insurance

I found the best offers were through my super fund, its worth contacting them to see if they provide income protection etc as its easy to arrange deductions from your wage.

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3462
Titch101
Aug 28, 2011 7:40 pm
KAN
KAN
26 August 2011

Construction Loan or Not?...

Construction Loan or Not?...

Ours was with a volume…

5
967
KAN
Aug 26, 2011 4:48 pm
shape
shape
22 August 2011

Stamp Duty... I'm out of my depth

Stamp Duty... I'm out of my depth

Hi, Answers to your questions: 1) How and when do I pay my stamp duty? ~$5,370 ( give or take $200) Payable 2 within weeks after settlement. 2) Is this based on my…

7
1311
shape
Aug 22, 2011 9:16 pm
shape
cattycatcat
cattycatcat
17 August 2011

Mortgage insurance?

Mortgage insurance?

Just wanted to say... I'm really glad you left this post up. I just found it really helpful... Thanks! ::lol::

7
1046
cattycatcat
Aug 17, 2011 10:52 pm
cattycatcat
Alexyeo
Alexyeo
9 August 2011

Written quotes for duplex construction loan - pre-approval

Written quotes for duplex construction loan - pre-approval

Thanks for the note. I spoke to the financier to clear some things up and they pretty much reinforced what you say. Time to start getting quotes then!

2
1024
Alexyeo
Aug 09, 2011 4:15 pm
trishcoastie
trishcoastie
9 August 2011

loan on a rental???

loan on a rental???

yes,thank you soooo much....

10
1004
trishcoastie
Aug 09, 2011 2:20 pm
trishcoastie
shape
shape
8 August 2011

Loan approval with high % unsecured debt?

Loan approval with high % unsecured debt?

Hi, Firstly your land settles in 2 month time + contract signed and you havn't gotten a unconditional approval from lender yet??? - you better start getting cracking.…

5
1014
shape
Aug 08, 2011 5:52 pm
shape
Shilpa
Shilpa
3 August 2011

HAS ANYONE BOUGHT FURNITURES ON FINANCE OPTION?

HAS ANYONE BOUGHT FURNITURES ON FINANCE OPTION?

Hi Shilpa, I have used the interest free finance options from Harvey Norman and other retailers for years - for items from mattresses to fridges…

5
1176
Shilpa
Aug 03, 2011 7:03 pm
Cyclops2344
Cyclops2344
1 August 2011

Financial product comparison websites

Financial product comparison websites

I know of several people that have had unpleasant surprises using financial comparison websites (insurance, home loan...) – namely concerning the so called comparison to…

0
419
Cyclops2344
Aug 01, 2011 11:49 am
Marty McDonald
Marty McDonald
28 July 2011

1% discounts from CBA, ANZ and Suncorp

1% discounts from CBA, ANZ and Suncorp

CBA came out with a published 1% discount off the standard variable rate today for sub 80% LVR loans over $500k. There is certainly a price war going on with other lenders…

0
676
Marty McDonald
Jul 28, 2011 3:39 pm
Marty McDonald
Marty McDonald
28 July 2011

Exit Fee Varied from $0 to $350 Wizard (AMS) !

Exit Fee Varied from $0 to $350 Wizard (AMS) !

Exactly better the devil everyone knows. Some of the crap GE and Rhg (old rams) pulled during the gfc was unbelievable. That is why contrary to many of my colleagues in…

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1270
Marty McDonald
Jul 28, 2011 3:35 pm
Marty McDonald
Marty McDonald
28 July 2011

choice home loans

choice home loans

I have seen this argument many many times before about who is better brokers or banks direct and IMO it comes down to the people you deal with not the institution. Your…

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1776
Marty McDonald
Jul 28, 2011 2:41 pm
Marty McDonald
Marty McDonald
28 July 2011

Inaccurate credit report

Inaccurate credit report

I am not 100% on this but I have a hunch D & B are more in the commercial credit report space and Veda are more in the individual space. In terms of address I have had…

5
670
Marty McDonald
Jul 28, 2011 2:25 pm
Marty McDonald
Marty McDonald
28 July 2011

Not being unconditionally approved before house is complete

Not being unconditionally approved before house is complete

Yes that's right at 75% lvr you have effectively a worst case scenario of a 20% margin for error ie a 95% loan. Certainly not ideal if it were to pass due to lmi cost but…

3
1695
Marty McDonald
Jul 28, 2011 2:18 pm
PhotonSmith
PhotonSmith
27 July 2011

Mortgage insurance under 25s

Mortgage insurance under 25s

Hm not that I know of personally. LMI is only needed when you borrow more than 80% of the value of the property. It should be waived if LVR is less than or equal to 80%,…

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1739
PhotonSmith
Jul 27, 2011 5:04 pm
Marty McDonald
Marty McDonald
21 July 2011

How many credit enquiries?

How many credit enquiries?

Hi, I for one am not convinced that broker inquiries ie agent inquiries dont count against you. If credit score is done automatically and the algorithins are secret how…

6
1247
Marty McDonald
Jul 21, 2011 6:20 pm
travelbug
travelbug
17 July 2011

Interest Only or Principal and Interest?

Interest Only or Principal and Interest?
1, 2

From an investment point of view that makes a big difference. If you do down the track decide to make the property…

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1721
travelbug
Jul 17, 2011 10:57 am
shape
shape
14 July 2011

Eeeek!! Bank valuation on land way too low!

Eeeek!! Bank valuation on land way too low!

You can fight the valuation if: 1. you have solid proof of comparative sales in the last 3 month ( no older- and the sale must have settled) 2. Similar property ( not just…

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1630
shape
Jul 14, 2011 8:06 pm
shape
jb_money
jb_money
14 July 2011

Declined by LMI - what to do next?

Declined by LMI - what to do next?

Without a doubt, apply with a lender who has a Delegated Underwriting Authority (DUA) with Genworth. Talk to a mortgage broker and they can sort this out. BankWest…

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2505
jb_money
Jul 14, 2011 5:14 pm
jb_money
jb_money
14 July 2011

Land deposit count as savings?

Land deposit count as savings?

Yes it is counted as a deposit however it may or may not be counted as genuine…

5
899
jb_money
Jul 14, 2011 5:09 pm
travelbug
travelbug
14 July 2011

Definition of residential Home

Definition of residential Home

No you are not entitled to the CGT exemption. If you had lived in it for a while then moved out you would be entitled to claim the exemption under the 6 yr rule. But if…

1
430
travelbug
Jul 14, 2011 2:15 pm
SAEED
SAEED
13 July 2011

Definition of residential Home

Definition of residential Home

I bought a property with my sister 4 years ago , paid most of teh deposit 50/50 and she moved in We were planning to get some work done to the property and sell it mind…

0
310
SAEED
Jul 13, 2011 7:06 pm
shape
shape
5 July 2011

Deposits... i hate banks

Deposits... i hate banks

Hi there, this is almost similar in our case. Our broker ensure us that we are only paying a 5% deposit for the land and home loan.…

7
2254
shape
Jul 05, 2011 2:51 pm
shape
maximus
maximus
1 July 2011

Calculator / simulator - construction loan

Calculator / simulator - construction loan

Thanks. I decided to do that during the week. It's not the most elegant spreadsheet but at least it enables me to see how the numbers pan out.

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826
maximus
Jul 01, 2011 10:14 pm
maximus
Victoria_g06
Victoria_g06
21 June 2011

Advice about Breakfree package from ANZ

Advice about Breakfree package from ANZ

It sounds like the bank staff just didn't understand their product completely. It is quite common as home loans, cheque accounts, credit cards…

2
684
Victoria_g06
Jun 21, 2011 6:56 pm
Victoria_g06
jb_money
jb_money
15 June 2011

Construction loan question

Construction loan question

Just be careful as CBA charges very high LMI premiums on loans that are increases on an existing loan. So if you are borrowing 95% it may actually be better to internally…

4
1235
jb_money
Jun 15, 2011 5:09 pm
btherl
btherl
7 June 2011

Personal Loan - who to go with?

Personal Loan - who to go with?

If you're considering a personal loan, you can also consider a credit card balance transfer as well for part of the amount. You don't need to have an outstanding balance…

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1189
btherl
Jun 07, 2011 10:32 am
btherl
McLovin
McLovin
25 May 2011

Car insurance

Car insurance
1, 2

Our Mazda 3 just came up for renewal, RACV wanted $970. I checked a few companies (GIO, Budget Direct and AAMI). AAMI came in the cheapest at $550. Saving of $400 not…

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6070
McLovin
May 25, 2011 10:36 pm
kexkez
kexkez
23 May 2011

New Lending laws excluding or limiting access to finance

New Lending laws excluding or limiting access to finance

I've just had a work friend go through some major hassles sorting out their loans. They have always banked with a credit union . They were not looking to switch to one of…

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2753
kexkez
May 23, 2011 8:44 am
kexkez
Lusitano
Lusitano
15 May 2011

home loan and how to get one

home loan and how to get one

Hi vsters, Couple of points: 1. Your income can be acceptable to a lender in a variety of ways. - Full time employment - usually 6 months minimum. Sometimes 3 months will…

3
966
Lusitano
May 15, 2011 12:31 pm
bigbaby
bigbaby
13 May 2011

Use Equity to reduce interest?

Use Equity to reduce interest?

ahh yeh i see. thanks all. :D once i wrote down the figures it made more sense. lol.

3
700
bigbaby
May 13, 2011 2:43 pm
jb_money
jb_money
12 May 2011

Need some Finance help

Need some Finance help

It looks to me like you are in a great financial position: You will have clear credit (default will no longer be on your file unless it was…

3
1292
jb_money
May 12, 2011 9:03 am
jb_money
jb_money
12 May 2011

Borrowing power and overtime

Borrowing power and overtime

The lending policies for vary significantly between the major…

4
843
jb_money
May 12, 2011 8:51 am
shape
shape
6 May 2011

First Home Mortgage Application - too many credit inquiries?

First Home Mortgage Application - too many credit inquiries?
1, 2

I normally dont like to self-promote.. But since this is ur 2nd post. Email me at Michael@shapehomeloans.com.au - and i will be able to help. Regards Michael

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4229
shape
May 06, 2011 4:12 pm
shape
travelbug
travelbug
2 May 2011

investment property managers

investment property managers

If you want info on Investment properties look at www.somersoft.com Excellent info there. Lots to read and you could post the question there. You will get lots of response.

3
726
travelbug
May 02, 2011 6:09 pm
12thofNever
12thofNever
30 April 2011

building new home insurance..

building new home insurance..

Hi TC Welcome We r just like you so many ???? Our builder provided a copy of a BSA Certificate of Insurance to the value of the contract along with a copy of Policy…

3
707
12thofNever
Apr 30, 2011 9:02 pm
Crow
Crow
19 April 2011

salary sacrifice

salary sacrifice

salary sacrifice = A portion of your pays goes straight into your mortgage repayment before it get's taxed. Hence reducing your taxable income and…

11
1855
Crow
Apr 19, 2011 9:42 pm
shape
shape
19 April 2011

CGT Questions

CGT Questions

True, Maybe shoot them an email? im not sure if ATO responses to email or not tho.... Regards Michael

6
844
shape
Apr 19, 2011 11:43 am
shape
nettie.b
nettie.b
14 April 2011

Mortgage Brokers

Mortgage Brokers

I know this is an old thread but wanted to share my experience with a broker. We live in the Lake Macquarie/Central Coast NSW area. We have land and a construction loan…

19
2436
nettie.b
Apr 14, 2011 10:01 pm
nettie.b
rhom
rhom
11 April 2011

Offset vs Redraw

Offset vs Redraw
1, 2

offset accounts are nice, higher interest on your money than theyd normally get (savings vs mortgage rates), offset account interest is no longer taxable (it being offset…

24
3876
rhom
Apr 11, 2011 12:16 pm
adherentfollower
adherentfollower
10 April 2011

Did i make the right decision?

Did i make the right decision?

I think you're right, i just must have misunderstood. Thanks for that

2
770
adherentfollower
Apr 10, 2011 10:42 am
Mclaren
Mclaren
7 April 2011

Best Steps Toward our Goal of Home Ownership?

Best Steps Toward our Goal of Home Ownership?

Sorry to read your sad story and the ramifications that you are still living with because of your husband's caring nature. When we were looking to borrow some money last…

8
875
Mclaren
Apr 07, 2011 4:19 pm
Mclaren
jb_money
jb_money
7 April 2011

Genuine savings and amount able to borrow questions

Genuine savings and amount able to borrow questions

You should be fine to qualify for a loan the way you are now. Firstly genuine…

9
1967
jb_money
Apr 07, 2011 9:29 am
shape
shape
4 April 2011

Yellow Brick Road

Yellow Brick Road

If you get Mark Borris as your broker then you know your in safe hands ahahh :) Our firm have dealt with them once before for a major commercial deal, i find them to be…

2
846
shape
Apr 04, 2011 12:28 am
shape
blueblueblue
blueblueblue
3 April 2011

Capital gains tax

Capital gains tax
1, 2

What if it was built 8 years ago? Will they still expect to see the receipts?

31
5327
blueblueblue
Apr 03, 2011 12:14 pm
James_smith
James_smith
2 April 2011

Debt Consolidation via Home loan Topup

Debt Consolidation via Home loan Topup

Hi jb_money, Thanks for your great insight. Refinancing is an option if Bankwest doesnt want to topup the loan as it doesnt make sense for me to pay high rate personal…

6
1308
James_smith
Apr 02, 2011 11:45 am


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