I know this is an old thread but wanted to share my experience with a broker.
We live in the Lake Macquarie/Central Coast NSW area.
We have land and a construction loan…
Offset vs Redraw
offset accounts are nice, higher interest on your money than theyd normally get (savings vs mortgage rates), offset account interest is no longer taxable (it being offset…
Apr 11, 2011 12:16 pm
Yellow Brick Road
If you get Mark Borris as your broker then you know your in safe hands ahahh
Our firm have dealt with them once before for a major commercial deal, i find them to be…
Apr 04, 2011 12:28 am
Capital gains tax
What if it was built 8 years ago? Will they still expect to see the receipts?
Debt Consolidation via Home loan Topup
Thanks for your great insight. Refinancing is an option if Bankwest doesnt want to topup the loan as it doesnt make sense for me to pay high rate personal…
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…
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…
Mar 30, 2011 9:29 am
Thanks, revive your email- my team will work on the file tomorrow.
Mar 20, 2011 7:25 pm
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.
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…
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…
Mar 09, 2011 9:29 am
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…
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.
Mar 03, 2011 11:41 am
Mar 02, 2011 8:41 am
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…
Mar 02, 2011 7:57 am
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
As I have stated several times on this forum, I…
Mar 01, 2011 7:57 am
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…
Tax on an investment property
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…
Regarding unconditional approval
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)
Feb 27, 2011 9:14 pm
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…
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…
Feb 21, 2011 8:42 pm
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!
buying a land... and build soon...
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…
Feb 21, 2011 2:25 pm
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.
Feb 17, 2011 6:17 pm
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…
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…
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…
Feb 13, 2011 2:26 pm
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…
Feb 13, 2011 1:17 pm
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…
ING Constuction/Mortgage Simplifier loan
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…
Feb 09, 2011 8:07 pm
Feb 08, 2011 9:10 pm
Feb 08, 2011 8:29 pm
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…
Jan 26, 2011 12:52 am
Jan 25, 2011 4:24 pm
Jan 25, 2011 3:36 pm
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…
Jan 25, 2011 3:33 pm
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 %…
Jan 21, 2011 11:15 pm
No LMI for LVR of 90%?
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%…
Jan 21, 2011 11:11 pm
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 -…