Stamp duty discount
When I was conveyancing the FHB discount didn't exist, but we would only do the PPR concession (and FHOG) forms if there was no mortgagee involved, otherwise the bank would do it.
Vendor Finance - What to be aware of
First things do you realise you wont be able to get a normal house loan? Land that sizes means you need to look into commercial / rural lending.…
First Home Buyer Here - and Confused!!
Thanks Bashworth, any help is much appreciated =) I keep getting conflicting advice on all my questions so I guess I'm just going to have to keep asking LOTS of questions…
vendor finance between famliy
If its a properly documented vendor finance arrangement and your parents are providing 'credit' then your parents will need to be licenced under the National Consumer…
Apr 18, 2012 1:10 pm
we had a s27 when we sold our house as we wanted some money to purchase land to build. The purchaser made us wait all 30 days (i think it was 30, its a while ago now!). …
Upgrades done at pre-start and bank loan
We havent had an invoice as yet, so probably will happen soon I guess as I think they will be starting site scrap in the next couple of weeks, just waiting to…
Self-employed and home loan
Thank you, Silvergum! Maybe we'll start talking to some brokers to see where we stand. How much I earn isn't too important, I'm well over the required amount we need…
possible to get constrution loan?
Your best to use the cash to push down the LVR - ie cost of construction is $300,000 - apply for a 70% LVR on the build using your cash...so in total the land and build…
Apr 03, 2012 3:36 pm
Confused about allowances and bank loans
That doesn't seem right, CBA is happy to accept valuation value and payment based on "future" improvement / value adding -- thats the whole point of constructions…
Apr 03, 2012 2:26 am
Final bank construction payment
With my bank, the loan for the construction is ready and waiting along with the provision of floorboards and carpets, paving and A/C. Once the house is built they…
Finance for a high risk
Glad to hear that your finance has come through. I am up in the Barossa as well, which town is your new purchase in?
Look forward to following your renovation posts when…
Are you self employed or have rental properties? What deductions are they working…
Has anyone been in this situation?
Wow.... Terrible outcome. Friends are friends and business is business. Even if proceeds from sale were split 50/50 it still would have been a great deal as the other…
Refinance - ANZ to CBA
We are going to refinance from ANZ to CBA. Have loan with ANZ for land, but for construction being offered a better rate through a…
Feb 19, 2012 10:28 am
Renovating - Which Loan?
thanks for that.
I was getting worried as I thought because we were renovating, we had to get a construction loan, it is good to see that we…
Feb 13, 2012 7:58 pm
Home buying for individual owner
Great idea on the untitled land........ esp if you bank the say grand a fortnight (your proposed mortgage repayments) it'll not only look good for the bank but you'll have…
Buying a second home Questions
1. Choose to fix the rate
2. make it P & I
3. keep LVR under 80% ( cash or equity)
4. claim Negative gearing benefit from the loan
Jan 25, 2012 3:52 pm
Jan 25, 2012 3:46 pm
This reply is to nicole1983, not the op.
I went through a similar situation in Lynbrook. Unfortunately the inflated land prices you buy through the real estate agent…
Confused about construction loans
We do not actually want to do the sites works ourselves, just don't want to pay the builders margin on top of the costs. So we would liase…
ANZ Builder's Pack
So you posted the signed letter of offer back on the 26th??
Given that last week ( Tuesday - Friday ) 3 days were the only working days...i wouldn't be to concern-…
Jan 08, 2012 12:43 pm
See if you can get the tiler to supply the bamboo flooring. You pay him, he pays the bamboo flooring supplier. Even if he puts 5% on top you might still be able to get…
Bank valuation on construction loan
upgrades do not normally bring up the value of your "construction". land value + dwelling type is what the bank consider. you can build a double storey with either a small…
Dec 04, 2011 7:45 pm
Balance Transfer Arbitrage
You may not see it as living on credit but I am sure the banks will. Now, I’m not saying that it’s a good idea or a bad idea but it looks suspicious to anyone who…
Oct 31, 2011 9:33 am
Ubank 6.59% atm
Also re-financing, with MyRate, 6.85% interest rate, 90% loan, and doing construction
Mortgage with Offset component
Is there a big difference between an offset account and a loan that lets you have unlimited free redraws electronically with no fees or minimums etc.
Oct 29, 2011 8:52 am
Self employed preapproval ANZ
How long it takes depends on how complex the deal is + how the information was presented to the bank ( in order with notes etc...)
But Generally speaking with ANZ…
Oct 29, 2011 1:17 am
Cost Of Mortgage Insurance
Just an update on my situation. Not sure what I have done to deserve this!
Our broker has structured new loan at 92%. Last month I got pre approval with unconditional…