Eeeek!! Bank valuation on land way too low!
You can fight the valuation if:
1. you have solid proof of comparative sales in the last 3 month ( no older- and the sale must have settled)
2. Similar property ( not just…
Jul 14, 2011 8:06 pm
Declined by LMI - what to do next?
Without a doubt, apply with a lender who has a Delegated Underwriting Authority (DUA) with Genworth. Talk to a mortgage broker and they can sort this out. BankWest…
Definition of residential Home
No you are not entitled to the CGT exemption.
If you had lived in it for a while then moved out you would be entitled to claim the exemption under the 6 yr rule. But if…
Definition of residential Home
I bought a property with my sister 4 years ago , paid most of teh deposit 50/50 and she moved in
We were planning to get some work done to the property and sell it
Jul 13, 2011 7:06 pm
Deposits... i hate banks
Hi there, this is almost similar in our case. Our broker ensure us that we are only paying a 5% deposit for the land and home loan.…
Jul 05, 2011 2:51 pm
Construction loan question
Just be careful as CBA charges very high LMI premiums on loans that are increases on an existing loan. So if you are borrowing 95% it may actually be better to internally…
Personal Loan - who to go with?
If you're considering a personal loan, you can also consider a credit card balance transfer as well for part of the amount. You don't need to have an outstanding balance…
Our Mazda 3 just came up for renewal, RACV wanted $970. I checked a few companies (GIO, Budget Direct and AAMI).
AAMI came in the cheapest at $550. Saving of $400 not…
home loan and how to get one
Couple of points:
1. Your income can be acceptable to a lender in a variety of ways.
- Full time employment - usually 6 months minimum. Sometimes 3 months will…
Need some Finance help
It looks to me like you are in a great financial position:
You will have clear credit (default will no longer be on your file unless it was…
May 06, 2011 4:12 pm
building new home insurance..
Hi TC Welcome
We r just like you so many ????
Our builder provided a copy of a BSA Certificate of Insurance to the value of the contract along with a copy of Policy…
salary sacrifice = A portion of your pays goes straight into your mortgage repayment before it get's taxed.
Hence reducing your taxable income and…
True, Maybe shoot them an email? im not sure if ATO responses to email or not tho....
Apr 19, 2011 11:43 am
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!