shapeMortgage Paperwork - Where does it normally get sent?
11 October 2011
No set rule.. you or the broker can ask for the paper work to be sent to who ever you like! Regards Michael
hutcheeeWhat loan do I choose? How do I build before I sell my house
28 September 2011
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…
juliettelisaProgress Payments & Construction Loans
24 September 2011
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…
btherlmortgage refer service with commission refund
6 September 2011
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…
Titch101mortgage/income protection insurance
28 August 2011
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.
AlexyeoWritten quotes for duplex construction loan - pre-approval
9 August 2011
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!
Cyclops2344Financial product comparison websites
1 August 2011
I know of several people that have had unpleasant surprises using financial comparison websites (insurance, home loan...) – namely concerning the so called comparison to…
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…
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…
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…
shapeEeeek!! Bank valuation on land way too low!
14 July 2011
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…
kexkezNew Lending laws excluding or limiting access to finance
23 May 2011
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…
shapeFirst Home Mortgage Application - too many credit inquiries?
6 May 2011
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