New home group
I use new home group. Had good appeal with their building grant. I like the person i deal with in new homes group as when ever things havent been clear or if im annoyed at…
I have recently bought the house and use the services of Vijay Agarwal Mortgage broker M 0433882222
Whose service is very good he provide me best deal with bank and…
Transfering of titles
No problems. Glad to be of service. Hopefully it works out for your friend.
Refinancing with AMP Experience??
If its the ONLY lender that will help in your situation, accept it. If there are other OPTIONS with other lenders, STONGLY CONSIDER THEM.
AMP is a stable Oz finance…
Home + Land loan - information
Just to add to what Bec said, you mentioned that you were pre-approved? In that case if it is still valid and not expired, it may be an easier process with limited…
Dennis Family Homes
Wow Gemma, at least it got thru in the end. Usually it like baseball, 3 strikes (apps) and your out!
Congratulations, you found a certified "joker broker" that Simonds…
Loan lending criteria is always a changing marketplace as different lenders position themselves for different niches. As such trying to secure finance for anything 3mths+…
Bad Credit Home Loan Advice
No, not a spammer, and I will be able to "finish this story" on the 11/12 July. Stay tuned.
Always talk to a few finance brokers,…
Huffle - Groupon for Mortgages
NO NO NO RUN AWAY
In short they are lending similiar to RAMS 1.0 did (before Westpac took over in NAME ONLY) from their website info.
Nice in a positive disconnect…
Using equity to purchase land
Same goes for these 'guarantor' loans. NEVER EVER tie up my property for the kids. What happens if they divorce? (50% chance in oz, and I have 4 kids!), what happens if…
Do Any Banks Pay Lump Sums?
The bank will lend the $$$ as per the builders contract fixtures and fittings. If you want the platinum taps and gold drains and its not in the builders contract, dont…
Recommend a good broker in Sydney
My kids used Alliance Credit on the pier opposite "The Star" casino in Sydney, but they have an office at baulkham hills too.
They were able to help…
Valuation being more then build cost
Sometimes valuations are a bit like astrology. But as long as the property has gone up since you put a deposit on in, and assuming you qualified for a loan then, you…
End of financial year
+1 Bec, pre-approvals are a nice feeling to have, but the actual assessment is made when ALL final documents are available (including the builders contract). I remember…
Valuation risk on build cost?
Everyones 'opinion' on what the per sq metre range means diddy squat. Talk to local agents and get a variance of price point. The only 'opinion' that carrys ANY weight is…
Pay LMI or save up some more?
Yes there would be no LMI on the land loan. Then some or none on your construction loan depending on if you save 20% of the build cost by the time you want to build. …
Jun 20, 2016 10:33 am
Title Insurance and Caveat worth it?
dont worry about the caveat
basically means nobody can sell the land without your approval
the finance company will have lodged their own caveat until you pay the loan…
When the bank does the valuation, they will take into account the land and construction as one for LVR purposes. As the OP already has equity in the land (and assuming it…
Land Contract Advise
Which city are you in, I may be able to recommend a professional in the area who can help you with your situation.
May 03, 2016 11:09 pm
Thank you, I've heard so many different days that it lasts.
But our broker is telling me it is only good for the one contract we take to the bank. If we take a different…
Recommend a good broker in melbourne
Your probably sorted already, but my broker has been fantastic. She's got an office on Stud Road, in one of the shopping centers. Happy to give you her details, send me a PM
Confirmation on loan amount
Just thought I'd chime in given you're asking about wanting to borrow more money than your broker had told you was feasible. You may be right in thinking some…
How far could they have gotten in to your build if the finance hadn't been secured? I'm guessing a site survey and plans/tender prep is about it? So depends on how much…
Loan approval prior to land registration
Yeah we would be classed as no 3 in your scenario naritas..sort of. We went direct to the lender so no broker in the middle (don't like them) and have an off the shelf…
Borrowing after construction is completed
If your builder doesn't want to do it, but your bank allows third party quotes, get them done for the fencing, etc and include them along with your building contract to…
Employment history and loan application
It all depends on what the mitigating circumstances are. If you are moving within the same industry and you have moved to a higher paying role, even with probation it…
Bec summarised it pretty effectively. Portability works great for people who are downsizing because as pointed out the loan size isn't able to be increased.…
Suncorp Bank Home LOan
Suncorp is somewhat overpriced for construction lending at present. Our company has placed a significant volume of loans with them over the years and the…
On the face of it no because your bank is lending you for the building contract and they will be advancing against payments to the builder not to you.
Another issue is…
ING For Construction Loan
Although it is a little of track I think it might benefit some by relaying my experience with ING Bank and their home loans. It has been 2 months since I first posted and…
HELP!!!! HOME LOAN QUESTION.
As Bec alluded to, 5% is a minimum nowadays (plus extra to cover stamps and excess of LMI over the allowable cap). You being a FHB also allows you to claim a…
Hi I'm new to the forum and i was just wondering is there anyone who has bought land in Mandalay Beveridge. Has anyone had any problems with getting their land Valued.
Nov 06, 2015 4:16 pm
Just A Quick Question
I paid $1k to the land people, then signed the contract with a 21 day finance clause. On the last day the bank approved my finance, then I paid the balance of the 5%…
FHOG and Home loan
We are both from NZ and its not been a problem. We also got FHOG, although we had owned a property in NZ, but we had to pay stampduty. Our NZ passports were lodged with…
Paying mortgage whilst building
Just wondering if anyone knows how I can get my mortgage, or if I have to move, my rent paid whilst I build? I'm either looking to buy a small property and build at…
Urgent bankwest construction loan q
Sorry for the late reply, you might have better luck with them, we had issues but I was pleased with the customer service they always answered emails relatively quick. And…
Thoughts on mutual banks?
In short, organisations such as mutuals, building societies and credit unions can provide some excellent value products. That said, they normally have their…
Substitution of Security
Yes I've done that. Speak to the bank ASAP so you have all the paperwork in place for settlement.