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tpin70
tpin70
20 April 2010

finance for extras outside the build

finance for extras outside the build

I have the same issue, i had things put into my bank loan. The way i have to do it, is the large things they will pay out if they…

5
1192
tpin70
Apr 20, 2010 9:45 pm
chook07
chook07
25 April 2010

Software to check on the banks

Software to check on the banks

Maybe I'll have to ask the husband if he can make a spreadsheet up for me. Pepto, the stats were scary on the show I saw about this software about how many people have…

3
862
chook07
Apr 25, 2010 8:19 pm
glenglen
glenglen
27 April 2010

Mortgage Insurance query

Mortgage Insurance query

Cheapest way for MI is too use two completely different lenders but you need to have that set up initially otherwise you get into this type of situation.

8
866
glenglen
Apr 27, 2010 5:06 pm
zak
zak
30 April 2010

Changing principal place of residence finance query

Changing principal place of residence finance query

Thank you for your responses. I haven't yet rung ATO due to limited time but will post back when done so, soon.

3
810
zak
Apr 30, 2010 7:47 am
Brissie_Mick
Brissie_Mick
1 May 2010

Changing loan from Investment to Standard loan

Changing loan from Investment to Standard loan

Hi I'm planning to build a house for short term investment (less than 1 year). And then I'm planning to move in for living with family. Do I…

7
990
Brissie_Mick
May 01, 2010 11:37 pm
travelbug
travelbug
2 May 2010

Mortgages and separations

Mortgages and separations

She can get the loan herself and still have both names on the contract but she'd have to be crazy. Why would she take all the debt when you can take half the house? The…

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1501
travelbug
May 02, 2010 10:22 pm
Pepto471
Pepto471
4 May 2010

The next step

The next step

i am also of the same opinion, as long as you will settle within 6 months. after six months- if you have mortgage insurance i.e if you borrow more than 80%, you will need…

2
640
Pepto471
May 04, 2010 9:18 pm
Pepto471
glenglen
glenglen
5 May 2010

Principal or interest only? need some help/ advice

Principal or interest only? need some help/ advice

Agree with 75etd in regards to the 6 year rule for CGT excemption except you only need to prove you lived in the house, that is a utility bill or simular. Every 6 years…

6
1246
glenglen
May 05, 2010 11:39 pm
Pepto471
Pepto471
8 May 2010

Change loan/Bank after settlement

Change loan/Bank after settlement

With the CBA's rate at the moment and i think it costs $700 early repayment fee along with the settlement fees, it wouldn't take you long to get…

3
844
Pepto471
May 08, 2010 4:08 pm
Pepto471
thlo
thlo
16 May 2010

st George

st George

Yes well said. I made…

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1867
thlo
May 16, 2010 2:53 pm
thlo
thlo
thlo
16 May 2010

FHOG as deposit?

FHOG as deposit?

You would be very lucky to find any funder which does not demand savings or equity.

10
1724
thlo
May 16, 2010 3:21 pm
thlo
aldavies3
aldavies3
18 May 2010

need advice on settlement extention form

need advice on settlement extention form

Thanks again for your kind advice Trent. No I dont think he has disclosed to Suncorp yet about the maternity leave thing....and we haven't…

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1857
aldavies3
May 18, 2010 11:13 pm
5
1311
kork
May 19, 2010 12:05 am
glenglen
glenglen
23 May 2010

Loan to repay family members post construction)

Loan to repay family members post construction)

Hi guys, Not a general comment at all. For a start try AMP, they openly advertise the fact that they will go 80% with no questions asked on the purpose. There are a few…

10
1261
glenglen
May 23, 2010 5:34 pm
Deemaree
Deemaree
30 May 2010

CBA's Wealth Package and Interest Offset option!

CBA's Wealth Package and Interest Offset option!
1, 2

True there Helyn. The attitude of banks (as opposed to credit unions) is very much for their investing shareholders benefit IMO. Worst thing for customers (and staff) was…

21
3214
Deemaree
May 30, 2010 7:09 pm
Deemaree
37
3091
mark299
Jun 04, 2010 9:53 pm
Ceebs
Ceebs
5 June 2010

First Home Loan and wife off work

First Home Loan and wife off work

Raphael, I'm not sure specifically what flexibility banks offer in terms of altering repayments. I know Wizard (or was it Aussie??) used to offer a thing called 'pregnant…

6
1062
Ceebs
Jun 05, 2010 3:50 pm
Pepto471
Pepto471
8 June 2010

Will we get approved...or not...

Will we get approved...or not...

and they lived happily ever after.....that's good news

4
1416
Pepto471
Jun 08, 2010 5:17 pm
Pepto471
kek
kek
13 June 2010

Question about joint loans

Question about joint loans

That's just bizarre. :shock: Of course you can have a joint mortgage with security being a property held in only one of your…

6
841
kek
Jun 13, 2010 9:11 am
kek
jb_money
jb_money
14 June 2010

FHOG and the 'first home vacant land concession'

FHOG and the 'first home vacant land concession'

Grant rules vary between states and can be quite complex. For this reason I wouldn't recommend taking advice from a forum, better to call the QLD first home hotline 1300…

1
687
jb_money
Jun 14, 2010 10:48 am
kek
kek
2 July 2010

Is it worth having redraw on the Home Loan?

Is it worth having redraw on the Home Loan?
1, 2

Helyn is right. But if you put your surplus funds into your home loan, thus offsetting the interest on the loan, in most cases it will work out better than if you parked…

22
2200
kek
Jul 02, 2010 4:34 pm
kek
btherl
btherl
5 July 2010

When do we receive our First Home Owners Grant?

When do we receive our First Home Owners Grant?
1, 2, 3

Pepto, we did not need the FHOG at settlement, we used the money we had declared as our deposit to the bank as our deposit. If the FHOG is part of your deposit then…

54
5234
btherl
Jul 05, 2010 9:27 am
btherl
jb_money
jb_money
8 July 2010

Settlement Delay- Interest (Isn't my broker liable 4 this?)

Settlement Delay- Interest (Isn't my broker liable 4 this?)

If your broker hasn't done the right thing by you then you should put your complaint in writing to their complaints manager. If they do not handle your complaint properly…

6
1277
jb_money
Jul 08, 2010 3:39 pm
bek7708
bek7708
9 July 2010

Early exit fees on a Westpac Fixed loan

Early exit fees on a Westpac Fixed loan

Hi there, We were in the same situation at the start of the year. We had a fixed loan with Westpac and we had to pay just over 5 grand I think to break it. There was…

3
1363
bek7708
Jul 09, 2010 10:29 pm
bek7708
atenney
atenney
12 July 2010

95% LVR - Are they still available?

95% LVR - Are they still available?

We recently applied for 40% back on our lmi after closing and opening a new loan with Westpac (within the year) only to be told that there policy has changed and that they…

16
3397
atenney
Jul 12, 2010 11:23 am
danny girl
danny girl
14 July 2010

Construction period of loan

Construction period of loan

Hi jb_money, thanks for your response. Wish I read it earlier, I rang the bank's call centre a few days ago! It was regarding a few questions though, and I asked about the…

3
815
danny girl
Jul 14, 2010 9:06 pm
aldavies3
aldavies3
19 July 2010

bankwest

bankwest

I think they should swap the W and B around, nothing but trouble for me, started when we wanted to move from north WA to South WA, I had a…

10
1702
aldavies3
Jul 19, 2010 12:04 am
Moonahgirl
Moonahgirl
19 July 2010

Home loan and changes to contract price

Home loan and changes to contract price

Thanks for the advice everyone. I'll definately take that on board. I'm aware we will have to cover variations and I have added a healthy contingency to my calculations.…

14
1424
Moonahgirl
Jul 19, 2010 4:42 pm
jb_money
jb_money
2 August 2010

confusion on building

confusion on building

It is very much a "how long is a piece of string" question. It would depend on the lender policy, how much the land was, how much construction is etc. As a general rule if…

5
828
jb_money
Aug 02, 2010 11:34 am
Casa2
Casa2
9 August 2010

Agent fails to get 10% Deposit

Agent fails to get 10% Deposit

Let me see if I understand this correctly. 1) The agent sold your house 2) You got 90% of the price If so, the agent is…

6
853
Casa2
Aug 09, 2010 7:31 pm
Titch101
Titch101
10 August 2010

Land Equity

Land Equity

Thanks so much for clearing that up for me, it gives me some valuable info to go back to my broker with.

6
2055
Titch101
Aug 10, 2010 9:52 am
John L
John L
19 August 2010

ANZ Breakfree package

ANZ Breakfree package

We've had this package for around 6 months now and no complaints. Had to ensure everything was set up correctly in the first place - but who doesn't have a problem with…

6
2620
John L
Aug 19, 2010 11:08 pm
Helyn
Helyn
24 August 2010

Re-amortising (sp) loan.....

Re-amortising (sp) loan.....

Thanks for your explanation Ceebs - Not Confusing at all. :D If I come across this term again, I will know what it means. :D

5
652
Helyn
Aug 24, 2010 5:43 pm
Helyn
pammerz
pammerz
26 August 2010

Owner builder finance. Experiences?

Owner builder finance. Experiences?

Hi Meg, Intellichoice are the finance specialist we went through. They help us aquire our funds and we were able to build our ghome based on the end value. We had…

9
6446
pammerz
Aug 26, 2010 9:05 am
FireFox
FireFox
27 August 2010

Measuring land of your new property- is it needed?

Measuring land of your new property- is it needed?

we are planning on a knock down rebuild, and got our block measured and drawn up for $220 was for the demolition plan, you also get your exact block size and found out our…

9
1152
FireFox
Aug 27, 2010 11:40 am
FireFox
MissVintage
MissVintage
31 August 2010

Advice Wanted

Advice Wanted

Thanks guys I am a bit calmer today and not so panic'd at trying to find such a big deposit at the last minute. Lets just hope I have enough equity in the block to pay a…

13
955
MissVintage
Aug 31, 2010 12:52 pm
MissVintage
jb_money
jb_money
1 September 2010

Buying out Co-Borrowers

Buying out Co-Borrowers

When there is a change in the borrowers or the owners of the security property then the loan needs to be re-written. What this means is a full loan application from the…

1
469
jb_money
Sep 01, 2010 3:11 pm
slknv
slknv
2 September 2010

Can you borrow $ short term to build investment property?

Can you borrow $ short term to build investment property?

Firstly to sell in 9 months you will pay double the CGT that you would pay if you sold after 12 months so I'd avoid that. I'd use a line of…

8
977
slknv
Sep 02, 2010 10:31 pm
Deemaree
Deemaree
6 September 2010

Paying more than interest on const loan

Paying more than interest on const loan

Isn't interesting how they can change their tune when you do some research????? Glad that it's worked out for you! :: ::

10
855
Deemaree
Sep 06, 2010 7:08 pm
Deemaree
Huggy_B
Huggy_B
7 September 2010

To buy OR not to buy???

To buy OR not to buy???

Equity? By your calculations you have ~$25k equity available (for investment loans) and $60k to open a line of credit for reno's. Before you start looking at houses, go…

4
695
Huggy_B
Sep 07, 2010 10:03 pm
Huggy_B
Helyn
Helyn
8 September 2010

Developing Loan Questions

Developing Loan Questions

Do you mean CGT (capital gains tax) - which you will have to pay.

5
827
Helyn
Sep 08, 2010 9:02 am
Helyn
jb_money
jb_money
14 September 2010

HIA standard contract and construction loan

HIA standard contract and construction loan

You should be able to negotiate that into it. Most of the contracts we see have a subject to finance clause where almost all of the deposit is refunded if finance is not…

3
1167
jb_money
Sep 14, 2010 7:52 pm
grace_slick
grace_slick
15 September 2010

Finance options for buying before you sell

Finance options for buying before you sell

Well, technically sort of, yes. Lol. The only issue would be is if the property went too high, and then we’d be out-priced, sadly. The only other thing which stresses…

4
731
grace_slick
Sep 15, 2010 1:46 pm
grace_slick
MissAlison
MissAlison
15 September 2010

How long to wait for final payment of a contruction loan?

How long to wait for final payment of a contruction loan?

So I rang for the 'have you got the paper work and how's it going?' And, yes, exactly as you say. They have ordered the valuation, good. But, I was told that I need to…

4
1081
MissAlison
Sep 15, 2010 7:38 pm
Stressed
Stressed
20 September 2010

Builder having problem obtaining indemnity insurance

Builder having problem obtaining indemnity insurance

Thanks for the responses so far. We have signed a contract and it might not be so easy to get out of. As far as I am concerned they have breached it but trying to get…

4
687
Stressed
Sep 20, 2010 4:48 pm
fitnhealthy
fitnhealthy
21 September 2010

Sale of contract - Do you always have to pay 10% deposit?

Sale of contract - Do you always have to pay 10% deposit?

Thank you everyone for taking the time to respond to my question. It helps to be well informed especially when one place I went to look at 2 days after it went on market…

7
1599
fitnhealthy
Sep 21, 2010 8:08 pm
foresterxt
foresterxt
21 September 2010

Bank valuation less than purchase price

Bank valuation less than purchase price

Hey Cookie Monster If you can find the $60k , this would make life some what easier (just to get the block settled). Then A. Ask the bank to revalue the block in 6…

12
2385
foresterxt
Sep 21, 2010 8:23 pm
6
1909
onebiggumby
Sep 22, 2010 1:36 pm


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