jb_moneyAsbestos Roofing...on a duplex we are buying...
5 October 2010
It is unlikely the valuer will even know it has an asbestos roof unless somebody tells him. If he does mention it in his valuation report and you are borrowing >80% of the…
jb_moneyCan I just sell up and re invest the money as I see fit?
5 October 2010
Just be aware that if you have a fixed rate it may be expensive to exit the loan as there are additional "break fees". If you have had your loan for over 4 years then the…
xquisitepros and cons of refinancing... help!
7 October 2010
There is no way I would be paying 4-5k in LMI for an extra 10k. That's lunacy! And SK is correct that you will end up paying more interest if you add it to your home loan…
theanonyuserAnyone else using Mates Rates Mortgage Brokers ?
13 October 2010
Just wanted to say I did go ahead with them, they've been great. My block of land valuation came in at 32-50K below what I paid. Which is very unfortunate, and I'm trying…
How do I pay the first progress payment
The above replies already answer the original question, so rather than double up i'll just agree with them. However, you say the first claim is 15%? Is this the building…
having to pay back First homebuyers grant and keystart?
I'd suggest just calling Keystart anonymously and ask them directly and explain your situation. They'll let you know exactly where you sit.
Help!! Construction Loan: Land title not due till June 2011
These kinds of contracts annoy me to say the least. Recently i met a client who had signed a similar agreement to purchase a block in North Coogee. They had 12 months to…
Your take on non-bank lenders (eg MyRate, Homestar..)?
I'd recommend having 2 or 3 appointments with different mortgage brokers, they'll give you some decent answers when comparing loans. It's often the smaller things that…
just ErinHow long did it take for you to get approval?
16 November 2010
Our situation was much like Ms Builder's. We initially went through a broker, and after 8 weeks of being stuffed about (to put it nicely) we went direct to the bank (CBA)…
so-tongCan share your thoughts about my refinance predicament?
17 November 2010
Hi zozo, do you mean that brokers can give a discounted rate on top of the published rate for Simplicity Plus? It is currently at 7.1%, lower than ANZ standard variable.…
McLovinBuying land with small deposit, can it be done?
17 November 2010
Hey Rellie, we're looking at the Cranbourne / Clyde areas in Melbourne, Victoria. Thanks for the tip RE the unconditional finance thing, we'll keep our eyes on that one.
so-tongWhat actually happens - P&I repayment ANZ Simplicity Plus?
19 November 2010
check with my broker. i think the principal segment of the P&I brings down the principal owing to the bank and brings up the amount of redraw consequently. looks like…
dkpLoans for land and house with two banks - possible?
22 November 2010
Thanks all. I don't really intend to have a separate loan or a line of credit. I just wanted to know if it was possible, in which case I may have had some bargaining power…
zozoSimple question but can't find the answer, re: grants
7 December 2010
If you ring the State Revenue Office they can confirm this for you. I've called them previously and they were very helpful.
Lunchtimetop questions that need answers before you get a home loan
10 December 2010
as a customer I found the biggest problem was getting accurate time frames for processing the loan. So this needed to be made clearer
JudabellePaying rent to builder/developer before settlement ??
21 December 2010
Well we have an agreement - its called a licence agreement and we move in on 3rd Jan and pay rent until settlement date is finalised (probably mid-late January)... Its…
jb_moneyHouse and Land package- cheap land price? Revalue?
24 December 2010
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…
dragonflychicFirst Home Buyers Finance Advice
26 December 2010
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…
shapeSwitching jobs, been in the same industry for 20 months
6 January 2011
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…
KerryFRocket Home Loan - Top Up Function - how does it work?
11 January 2011
Thanks again Kyton