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Last Post
Marty McDonald
Marty McDonald
1 April 2011

Loan declined due to HOUSE being high risk?

Loan declined due to HOUSE being high risk?

Must be a pretty crappy house :) Onto the next one. I suggest you go with a lender that allows upfront valuation next time if you plan to buy a similar style property. That…

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1967
Marty McDonald
Apr 01, 2011 8:55 pm
dragonflychic
dragonflychic
30 March 2011

investment

investment

We had similar equity in our home and decided to build a new home whilst keeping the old one to rent out - we figured if we ever wanted an investment property we would…

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715
dragonflychic
Mar 30, 2011 2:58 pm
shape
shape
30 March 2011

getting a homeloan

getting a homeloan

wakeboardandy - IF you look at your CR file, it sometimes states the amount your cc was initially applied for " Dec 2010 | HSBC | unsecured CC | amount $10,000 " - as…

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shape
Mar 30, 2011 9:29 am
shape
jb_money
jb_money
25 March 2011

Financing development of 2 townhouses

Financing development of 2 townhouses

Glad I could help, good luck with your project!

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1406
jb_money
Mar 25, 2011 5:52 pm
shape
shape
20 March 2011

Super Rate

Super Rate

Thanks, revive your email- my team will work on the file tomorrow. Regards Michael.

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909
shape
Mar 20, 2011 7:25 pm
shape
Izzehz
Izzehz
17 March 2011

Recommend a broker - Frankston area

Recommend a broker - Frankston area

Thanks, I will give her a call later. I know we won't have any trouble getting a loan, just want to try and get a better deal. Thanks again!

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582
Izzehz
Mar 17, 2011 11:41 am
aza0
aza0
15 March 2011

Anyone used private investors?

Anyone used private investors?

Well with the new laws that banks have to abide by, I have no chance of getting a loan. I am now doing a 2yr Traineeship with Telstra with a stay at home partner who is…

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1285
aza0
Mar 15, 2011 4:33 pm
Rizzo
Rizzo
9 March 2011

Tiling and painting affecting loan

Tiling and painting affecting loan

Thanks dragonflychic and crawley. I will definitely be talking to the bank manager and perhaps to another bank! Unfortunately I did find the…

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1288
Rizzo
Mar 09, 2011 9:29 am
Moonahgirl
Moonahgirl
7 March 2011

NAB Advertising Technique

NAB Advertising Technique

I know this is 2 weeks old now - but REALLY!? This is a just markting tool it changes nothing - a survey of customers showed bank customers were the most loyal to a brand…

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1000
Moonahgirl
Mar 07, 2011 12:58 pm
shape
shape
3 March 2011

Do we stand a chance?

Do we stand a chance?

Yes advantage is slightly different, NAB has 2 co-brands they sell under. Similar to Qantas having Jetstar- different target audience. Regards Michael

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shape
Mar 03, 2011 11:41 am
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875
shape
Mar 02, 2011 8:41 am
shape
zeena
zeena
2 March 2011

Building Valuation has come back less

Building Valuation has come back less

Thanks guys for your posts- sorry its taken me soo long to reply. Our situation stands as this, we're still $20,000 short. But since CBA are now offering 95% LVR, we…

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1198
zeena
Mar 02, 2011 7:57 am
Helyn
Helyn
1 March 2011

Siwtching lines of credit.

Siwtching lines of credit.

None so blind as will not see. None so deaf as will not hear. Jeremiah 5:21 (paraphrase) Some things never change ::wornout:: As I have stated several times on this forum, I…

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Helyn
Mar 01, 2011 7:57 am
Helyn
mapcalla
mapcalla
28 February 2011

mortgage house

mortgage house

not sure as yet.... we saw graham to discuss our options... he was very very helpful. We have to save our deposit and when we have nearly done that, we can call him…

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723
mapcalla
Feb 28, 2011 8:50 pm
Eskay40
Eskay40
28 February 2011

Tax on an investment property

Tax on an investment property

Hi Murphy11, Also with regards to the Depreciation, you don't just depreciate the building. Get a real Quantity Surveyor in there to do a "depreciation schedule". They…

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1056
Eskay40
Feb 28, 2011 8:03 am
Eskay40
shape
shape
27 February 2011

Regarding unconditional approval

Regarding unconditional approval

Welcome Ravi, What do you mean by "indian component?" But either way, the LMI provider does not accept every "pay type" - ie Maternity pay ( only 50% considered) But…

1
744
shape
Feb 27, 2011 9:14 pm
shape
mak_
mak_
24 February 2011

Home Loan Deposit & LMI

Home Loan Deposit & LMI

Yeah because the valuation on the investment came back less(which made the re-financing and depost percentages change) and the LMI people didn't wan't to give the…

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mak_
Feb 24, 2011 7:30 am
mak_
rajan_g4
rajan_g4
22 February 2011

Converting home loan -- 90% to 85%

Converting home loan -- 90% to 85%

Thanks lunchtime. yeah i guess thats the best option, especially when I dont exactly know what the site cost would be, land settles in mid april, maybe would need to use…

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rajan_g4
Feb 22, 2011 10:13 pm
rajan_g4
shape
shape
21 February 2011

Only 5% deposit...

Only 5% deposit...

Hi rajan_g4 -we meet again old friend....:) Regards Michael

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1908
shape
Feb 21, 2011 8:42 pm
shape
magikalcrab
magikalcrab
21 February 2011

Finance for build?

Finance for build?

Thanks Arabella, I'm definatley going to have a chat to one some day. I just like to have a bit of knowledge before talking to the "pros" so I don't get taken for a ride!

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magikalcrab
Feb 21, 2011 4:35 pm
shape
shape
21 February 2011

buying a land... and build soon...

buying a land... and build soon...

Welcome kornjen, applying for consutruction loan: 1. Speak to a mortgage broker or the bank to work out how much you can borrow/ service 2. Find the land you like- make…

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shape
Feb 21, 2011 2:25 pm
shape
shape
shape
17 February 2011

Finances for Co Owner build?

Finances for Co Owner build?

Also note BrendanF - Owners build can run into a lot of trouble in terms of finance and budget....highly not suggested unless you need to.

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shape
Feb 17, 2011 6:17 pm
shape
Domizm
Domizm
15 February 2011

Land Tax Penalty - Advice please!!

Land Tax Penalty - Advice please!!

Definetly not stamp duty, paid that as well. We are paying the developers land tax for the year 2011, he was the owner still on 31/12/2012 howver as we missed settlement…

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1084
Domizm
Feb 15, 2011 10:39 am
rajan_g4
rajan_g4
15 February 2011

3yr Special Economiser with Comm Bank

3yr Special Economiser with Comm Bank

Ohh yeah, they have the same loan with lower int rates. There are a few differences, but eventually I ll be saving $300 if I can successfully switch over to NAB from this…

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991
rajan_g4
Feb 15, 2011 7:02 am
rajan_g4
shape
shape
13 February 2011

creative lending

creative lending

In terms of borrowing, your situation is not bad; so don't be too negative about it :) If your happy to go with a small bank ( ie Citibank, ING...) then this is something…

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shape
Feb 13, 2011 2:26 pm
shape
shape
shape
13 February 2011

Bank valuations

Bank valuations

Do the banks usually do a valuation of your house once it has been completed? I just finshed building my new house and the bank has sent me the…

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shape
Feb 13, 2011 1:17 pm
shape
free will
free will
12 February 2011

SMSF for Investment Property

SMSF for Investment Property

he poster didn't mention where they were going to buy so how do you know it's the top of the market? They only said where they live. and BTW…

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903
free will
Feb 12, 2011 7:25 am
shape
shape
9 February 2011

ING Constuction/Mortgage Simplifier loan

ING Constuction/Mortgage Simplifier loan

Hi, I normally dont suggest ING for construction ( because of the rate) There are plenty that offer lower rates for construction - Westpac (7.16% - after construction…

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2897
shape
Feb 09, 2011 8:07 pm
shape
JuJuB
JuJuB
8 February 2011

Buy or rent? Place earnings into a house or savings account?

Buy or rent? Place earnings into a house or savings account?

Im certainly no expert but will go on my experience. I bought a place on a single parents income paying 3X what I paid in rent but after 5 years my mortgage is 1/3 less on…

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JuJuB
Feb 08, 2011 9:10 pm
JuJuB
JuJuB
8 February 2011

Relocation Construction Loan or wait to sell?

Relocation Construction Loan or wait to sell?

DH and I bought a 5 acre block last may with the goal of selling our house to enable us to build our dream home. We havent felt the time is right to sell and would like to…

0
338
JuJuB
Feb 08, 2011 8:29 pm
jb_money
jb_money
7 February 2011

planning to buy a land which will be registered later

planning to buy a land which will be registered later

Just to let you know any loan that is approved now will be subject to re-assessment prior to settlement. This is not just a valuation, but also a full review of your…

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599
jb_money
Feb 07, 2011 12:55 pm
jb_money
jb_money
7 February 2011

What to lodge to valuer to try and get maximum valuation

What to lodge to valuer to try and get maximum valuation

Very few banks finance partially complete properties. It sounds like you have a lot of equity which can be a big help in these situations. If I were you I would approach…

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768
jb_money
Feb 07, 2011 12:51 pm
kek
kek
29 January 2011

Home Title transfer from bank

Home Title transfer from bank

Funny but true story - my (sometimes daft) parents are in process of buying another home. They search everywhere for the CT for their existing…

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kek
Jan 29, 2011 3:57 pm
kek
shape
shape
26 January 2011

Partially completed house? - Value?

Partially completed house? - Value?

Hiya, The story so far? -Renovating and extending a house. -Got it to lock up ourselves. Financed it with approx $50K of our own money -We…

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921
shape
Jan 26, 2011 12:52 am
shape
shape
shape
25 January 2011

Does anyone know active homebuyers or AHB liquidation?

Does anyone know active homebuyers or AHB liquidation?

Current Affair can't do anything for you as unfortunately they have gone into liqudation. Your best option is through ASIC and the ombudsman - usually takes them 10…

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shape
Jan 25, 2011 4:24 pm
shape
shape
shape
25 January 2011

do you need a deposit for a building loan?

do you need a deposit for a building loan?

hi people just wondering if you need a deposit when applying for a building loan or do they use the fhog. Reason im asking is that my bank has asked…

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3961
shape
Jan 25, 2011 3:36 pm
shape
shape
shape
25 January 2011

First Home Buyer Questions

First Home Buyer Questions

just a question, when buying a land do you actually know how much council rates you need to pay per year? is it the same if you are residing on…

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shape
Jan 25, 2011 3:33 pm
shape
ditzydame
ditzydame
24 January 2011

anyone have any comments on ING for home loans

anyone have any comments on ING for home loans

yes the email is a good idea i have spoken to them and sorted it out just a small issue but a potential problem and really it shouldnt have happened as it is a matter of…

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634
ditzydame
Jan 24, 2011 2:38 pm
kornjen
kornjen
23 January 2011

Mortgage House

Mortgage House

Today, we went to oran park to view some of the builder homes... and I ran pass a guy who is offering home mortgage by the name of Mortgage House. it offers around 6.92 %…

0
404
kornjen
Jan 22, 2011 11:53 pm
shape
shape
22 January 2011

Employment issues =( Totally LOST faith!!

Employment issues =( Totally LOST faith!!

Government grant is not considered "genuine saving". sorry

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1560
shape
Jan 21, 2011 11:15 pm
shape
shape
shape
22 January 2011

No LMI for LVR of 90%?

No LMI for LVR of 90%?

Hi Michael, We're in the same situation as you. However, our lender has advised we would still pay the same amount of LMI. We've got exactly 10%…

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1753
shape
Jan 21, 2011 11:11 pm
shape
flame_on
flame_on
19 January 2011

Bank is still suffing us around grrr

Bank is still suffing us around grrr

I'm joining this debate late, but I have been in the same situation (i.e. bank re-valued six months after unconditional approval only to devalue by approx $20,000 -…

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flame_on
Jan 19, 2011 3:28 pm
flame_on
Jme
Jme
19 January 2011

Where did you live when you built?

Where did you live when you built?
1, 2

Hi all Thanks so much for your replies. Apologies for not coming in sooner. We have decided to buy established. We could probably just squeeze by with rent costs and…

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3303
Jme
Jan 19, 2011 12:28 pm
deb17
deb17
15 January 2011

Need advice on selecting a home loan

Need advice on selecting a home loan

We are with ME, and have been for years. We have looked at other loans from time to time, we were going to use a Mortgage Broker at one stage, we told him what we were…

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deb17
Jan 15, 2011 6:30 pm
free will
free will
8 January 2011

use existing property as collateral

use existing property as collateral

Given Australian housing prices are some of the highest in the world, leveraging on investment properties is not what I would call a good investment decision. But of…

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free will
Jan 08, 2011 7:47 pm
shape
shape
6 January 2011

Switching jobs, been in the same industry for 20 months

Switching jobs, been in the same industry for 20 months

In short, it depends on the lender - some credit union such as BMC have a product line where probation is fine- but you must be in the same industry for more hten 24 month…

1
520
shape
Jan 06, 2011 12:37 pm
shape
dragonflychic
dragonflychic
26 December 2010

First Home Buyers Finance Advice

First Home Buyers Finance Advice

That sounds like an over priced house on cheap land. I'm in Perth too. Our house, land, stamp duty(our 2nd property and for land only) and mortage insurance I'm sure has…

5
1634
dragonflychic
Dec 26, 2010 8:43 pm
jb_money
jb_money
24 December 2010

House and Land package- cheap land price? Revalue?

House and Land package- cheap land price? Revalue?

Never expect miracles from bank valuers! If you have strong sales evidence to support your estimated value then please give the list of sales to the valuer, it is always…

2
759
jb_money
Dec 24, 2010 4:16 pm
jb_money
jb_money
24 December 2010

mortgage

mortgage

If the bankruptcy is discharged you can borrow up to 80% of the value of your current property and the new property. You will need to go with a non-conforming or…

2
724
jb_money
Dec 24, 2010 4:13 pm


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