Finance - External Broker vs. In-house Broker?
Yep msalmank, have to agree with Bec. Go with whoever you feel comfortable with. Having everything done in house might seem easier, however you need to realise that there…
Financing additional items after handover...
Usually once the house is built so long as the value of the property has increased you should be able to top up your loan. Ensure you don't exceed the 80% lending ratio or…
Time Frame of when to apply for construction loan?
There are some lenders that will allow you to construct your property and drawdown a loan up to a year after land settlement. So if you have all the drawings, contracts,…
Home loan interest rate bottomed out in Australia?
Thanks Tej, Tom and Bec...your inputs have created good awareness on fixing rate, with this I will be able to assess my situation and make wise decision on interest rates 😄
House and Land Package Finance - Nervous First Home Buyers
HI Caydenn, I haven't run the numbers on affordability as thats a much bigger conversation. Your broker has the full story so I would trust them. As mentioned above, the…
10% deposit & clear debts VS 17% deposit with debts for land
It actually comes back to income & timing for your build & what you might need to hold back for finishing items on the home (landscaping etc) - yes it won't affect LMI…
Refinance or stick with existing bank - reno advice?
The question comes down to two points - serviceability, can you afford the loan - and that's a huge conversation And secondly, does the loan still suit you. From that…
Can visa 457 borrow up to 95% of the property prices?
Hi can you tell how much your total income at that time ? So you borrow up to 90%? Any other requirements?
Using Land as a 'deposit' on building loan?
Hi Firstbuild, Just from my experience... you can use the land (just the $ you contributed) as the deposit... There is a waiting period... in my case, the land value was…
Interest Only payments during construction: Why?
I was recommended interest only during the building phase.. and made sense as I need every penny to pay rent and after build costs. Once my final construction payment is…
A tough one about the First Home Owner's Grant
Nice work - go you! I think people lack the desire to take ownership and see something through to completion in some of these large organisations - or are hamstrung by…
Owner Building w/ NAB ::angry:: stat decs from parents etc
Hey mate. If it was me I'd be firing your broker and go speak to another broker or another bank lender. Different banks have different financing policies. Vote with your…
Qld FHOG under Substantially Renovated Clause
Hi All Has anyone managed dto receive the FHOG for a substantially renovated property? I'm wondering how easy this process is, or if its not even worth the paper its…
Which home insurance company ( not contents ) ?
stupid question I have used a couple of different "cost to rebuild your home" calculators and they have all given me way out of sync figures one was 11k Another was…