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plc
plc
16 June 2017

Conditional approval subject to valuation

Conditional approval subject to valuation

It's good to hear you made allowances during the construction phase with continued rent, a lot of people dont do that. If you're eligible for FHOG, then that's some…

7
1620
plc
Jun 16, 2017 2:01 pm
preeeth
preeeth
7 June 2017

Home loan interest rate bottomed out in Australia?

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 😄

6
1142
preeeth
Jun 07, 2017 8:19 pm
preeeth
becjarrettdalton
becjarrettdalton
5 June 2017

House and Land Package Finance - Nervous First Home Buyers

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…

3
978
becjarrettdalton
Jun 05, 2017 3:35 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
5 June 2017

Renovation loan help >_<

Renovation loan help >_<

Huh? Thats really strange, did you issue documents and sign and return them? If so, I think whats probably more the case is they make you use all your money first before…

1
521
becjarrettdalton
Jun 05, 2017 12:16 pm
becjarrettdalton
Slugcatcher
Slugcatcher
26 May 2017

Construction loans

Construction loans

Thanks for the answers.

3
949
Slugcatcher
May 26, 2017 10:32 am
plc
plc
25 May 2017

Vacant land loan chances?

Vacant land loan chances?

In terms of a loan, everything is taken into account. So the liabilities of the car loans and the credit cards will be looked at as part of the scorecard that most lenders…

2
785
plc
May 25, 2017 11:59 pm
becjarrettdalton
becjarrettdalton
18 May 2017

Construction loan question

Construction loan question

Sorry - this only just came through. It's up to the valuer and the way the contract is worded - if the valuer thinks what is in the contract is ok, or if there's enough…

5
1283
becjarrettdalton
May 18, 2017 4:06 pm
becjarrettdalton
plc
plc
16 May 2017

SPLIT LOANS

SPLIT LOANS

Unfortunately no lender out there will allow that. Basically anyone on title needs to be on the loan in some fashion, whether as borrower or guarantor. I don't know if…

1
614
plc
May 16, 2017 4:20 pm
plc
plc
15 May 2017

Parent Security and FHOG - Qld

Parent Security and FHOG - Qld

Hi RachM, In that case still eligible for FHOG. Don't understand why the broker is asking for a stat dec from them though, I would have thought that the guarantors would…

3
602
plc
May 15, 2017 1:59 pm

10% deposit & clear debts VS 17% deposit with debts for land

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…

4
891
becjarrettdalton
May 05, 2017 10:17 am
becjarrettdalton
Berek
Berek
26 April 2017

Wanting to buy but.....

Wanting to buy but.....

I think you can also ask some of your friend to lend money since you are unable to borrow money from bank.

1
1463
Berek
Apr 26, 2017 10:29 pm
becjarrettdalton
becjarrettdalton
2 April 2017

Westpac Home Loan - Draw Down process

Westpac Home Loan - Draw Down process

Definitely sign the invoice (when you're satisfied the work is done) and write "please pay" or something like that, add the form Westpac sent you in the beginning for that…

7
1158
becjarrettdalton
Apr 02, 2017 7:13 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
2 April 2017

Mortgage / Title questions

Mortgage / Title questions

Commbank are notoriously slow for registration which explains the delay & those look like normal registration fees, I am more convinced its transfer duty but only your…

3
625
becjarrettdalton
Apr 02, 2017 7:08 pm
becjarrettdalton
SaberX
SaberX
19 March 2017

Interest rate of 4.39%

Interest rate of 4.39%
1, 2

Investor or owner occupied. As many mortgage brokers will say rate isnt priority compared to product if your an investor. If this is one house for life then cheapest rate…

22
2310
SaberX
Mar 19, 2017 11:20 pm
kiriray
kiriray
16 March 2017

Home Valuation Trouble - New Construction

Home Valuation Trouble - New Construction

That's great news! Shame about the savings but once your place is built and you're in you can scrimp and save for a bit to catch up. We're using an architect and it's…

6
1967
kiriray
Mar 16, 2017 9:01 pm
Berek
Berek
14 March 2017

GST and CGT on investment property

GST and CGT on investment property

CGT exemption is only for your principal place of residence. You can't claim a gst exemption either unless you sell it to someone who will pay the gst on top of the costs.…

2
651
Berek
Mar 14, 2017 8:19 pm
becjarrettdalton
becjarrettdalton
12 March 2017

Refinance or stick with existing bank - reno advice?

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…

1
594
becjarrettdalton
Mar 12, 2017 5:14 pm
becjarrettdalton
vincent.ausahi
vincent.ausahi
8 March 2017

Can visa 457 borrow up to 95% of the property prices?

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?

6
2399
vincent.ausahi
Mar 08, 2017 12:04 am
becjarrettdalton
becjarrettdalton
15 February 2017

Bank Valuation Questions

Bank Valuation Questions

Yes get quotes, these can be done from the plans & is quite normal and no lenders don't tie you to them. Alternatively you can have the builder include them in the…

8
2049
becjarrettdalton
Feb 15, 2017 11:31 am
becjarrettdalton
plc
plc
14 February 2017

Adding in items after loan approval

Adding in items after loan approval

Generally any additions after a loan has been approved need to be paid out of your pocket. If you do want to add it into the contract as a post contract variation to…

2
994
plc
Feb 14, 2017 12:32 am
RegVic
RegVic
13 February 2017

Using Land as a 'deposit' on building loan?

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…

5
1520
RegVic
Feb 13, 2017 4:25 pm
RegVic
aloenyx
aloenyx
4 February 2017

Interest Only payments during construction: Why?

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…

6
1784
aloenyx
Feb 04, 2017 8:50 pm
aloenyx
wongbruce
wongbruce
3 February 2017

Paying Deposit

Paying Deposit

As a solicitor I can advise you of the following: For land - Yes we always try to negotiate a 5% deposit. For builders contract - 5% of usually the amount that…

3
1108
wongbruce
Feb 03, 2017 12:21 am
wongbruce
wongbruce
1 February 2017

Application Enquiry

Application Enquiry

As a Solicitor, I have had no problems at my end for my own clients. My clients loans were all approved within 1-1.5 weeks. If you do it directly with the banks that is.…

4
951
wongbruce
Feb 01, 2017 2:09 pm
becjarrettdalton
becjarrettdalton
18 January 2017

A tough one about the First Home Owner's Grant

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…

3
1543
becjarrettdalton
Jan 18, 2017 9:48 am
becjarrettdalton
jono6466
jono6466
9 January 2017

Confused.....

Confused.....

the debt is in his personal name, spread across a number of personal credit cards in his name.

5
1006
jono6466
Jan 09, 2017 10:10 pm
becjarrettdalton
becjarrettdalton
8 January 2017

Construction Loan with Land Explanation

Construction Loan with Land Explanation

Hi Lucy, Usually it's interest only on both the land and the construction loan, but not impossible for it to have been set up differently so double check with your…

1
729
becjarrettdalton
Jan 08, 2017 8:30 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
2 January 2017

Help with mortgage!

Help with mortgage!

In our country there are some property taxes on purchase of property as well. I think you should have proper consultation with the . They are expert in it and have a vast…

1
937
becjarrettdalton
Jan 02, 2017 6:56 pm
becjarrettdalton
capricorn
capricorn
13 December 2016

Mortgage broker!

Mortgage broker!

Hi, we were in the same situation as you a year ago. We just moved to our new house. We are happy with our mortgage broker. We got to know him through a family friend…

2
2034
capricorn
Dec 13, 2016 12:37 am
capricorn
9
1213
becjarrettdalton
Dec 12, 2016 7:14 am
becjarrettdalton
Finalytics Financial
Finalytics Financial
12 November 2016

Equity and Loan Dilemma

Equity and Loan Dilemma

I have a client in a similar situation. We worked with them and their accountant and decided the best thing was to take the stamp duty hiyt and sell the property into a…

3
3409
Finalytics Financial
Nov 12, 2016 1:59 pm
Christoshizz
Christoshizz
27 October 2016

Owner Building w/ NAB ::angry:: stat decs from parents etc

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…

1
1282
Christoshizz
Oct 27, 2016 1:00 am
Christoshizz
becjarrettdalton
becjarrettdalton
18 October 2016

Land Titiles and Construction Loan

Land Titiles and Construction Loan

Ok that's why they can't use it. Your sister would have to be shown to have clear benefit by being guarantor, for example residing in the home - and she brings with her…

3
1474
becjarrettdalton
Oct 18, 2016 12:02 pm
becjarrettdalton
Kagan1042
Kagan1042
7 October 2016

Qld FHOG under Substantially Renovated Clause

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…

0
1269
Kagan1042
Oct 07, 2016 12:40 pm
MoodyBlue
MoodyBlue
18 September 2016

Which bank?

Which bank?

We've changed twice over the years and are currently with G&C Mutual Bank. Have been with them for about 4 years and so far the positives are: Great customer service - I…

10
2254
MoodyBlue
Sep 18, 2016 7:00 pm
Michndayne
Michndayne
31 August 2016

New home group

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…

1
1101
Michndayne
Aug 31, 2016 3:52 am
becjarrettdalton
becjarrettdalton
19 August 2016

Home Improvement Loan

Home Improvement Loan

Great to hear - I bet you don't look back!

4
2004
becjarrettdalton
Aug 19, 2016 10:43 pm
becjarrettdalton
Drekko
Drekko
17 August 2016

Which home insurance company ( not contents ) ?

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…

1
562
Drekko
Aug 17, 2016 11:18 am
Drekko
joshiia
joshiia
28 July 2016

Mortgage Broker!!

Mortgage Broker!!

Hi, 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…

3
1375
joshiia
Jul 28, 2016 6:28 am
plc
plc
15 July 2016

Transfering of titles

Transfering of titles

No problems. Glad to be of service. Hopefully it works out for your friend. Cheers Tom

3
900
plc
Jul 15, 2016 1:00 am
new_senior_citizen
new_senior_citizen
10 July 2016

Refinancing with AMP Experience??

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…

1
872
new_senior_citizen
Jul 10, 2016 11:03 am
plc
plc
9 July 2016

Home + Land loan - information

Home + Land loan - information
1, 2

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…

21
2971
plc
Jul 09, 2016 1:55 am

Dennis Family Homes

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…

7
2015
new_senior_citizen
Jul 07, 2016 6:07 pm

Buying land

Buying land
1, 2

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+…

24
4801
new_senior_citizen
Jul 07, 2016 6:04 pm

Bad Credit Home Loan Advice

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. David Fantastic !! Always talk to a few finance brokers,…

5
1400
new_senior_citizen
Jul 07, 2016 5:52 pm

Huffle - Groupon for Mortgages

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…

3
1027
new_senior_citizen
Jul 06, 2016 10:47 pm

Using equity to purchase land

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…

6
1807
new_senior_citizen
Jul 06, 2016 10:25 pm

Do Any Banks Pay Lump Sums?

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…

6
1273
new_senior_citizen
Jul 06, 2016 5:13 pm

Recommend a good broker in Sydney

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. Alliancecredit.com.au They were able to help…

5
1809
new_senior_citizen
Jul 06, 2016 5:07 pm

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