AU 
Is this how Banks are here ??That works out to be around $85 in additional interest. Yes it is annoying, however complaining to the bank and hassling them for it would probably take up more than $85… Craigieburn Valuationsbump...We are currently also waiting for bank valuation. Can anyone share how much did the valuation (typical) come to ? We are building in Highlands Estate on a 472 sq… Construction Loan......HelpHello
We have recently purchased some land a few months back which we are paying a mortgage for. Have gone through the whole building thing and decided to build w/ Dennis… MaxPower started a topic 19 October 2010 ago FIRST HOME BUYERSSure interest is dead money. But that expense is contributing to your own asset. Paying a house with credit card?I ever tried citibank services so but obvious I had no vast knowledge about this but putting a house on a credit card was the best move . How do I pay the first progress paymentThe 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… Withdrawing after tenderIt really depends on the paperwork you may have already signed when entering the agreement to go to tender. There are provisions in most building contracts also where each… Bank WestIn my previous life as a builder we had problems with claims through several banks, however none were particularly worse than the others.
It's best to follow up yourself… Loan VariationWill be interesting to see the valuation results, because they're coming in quite low at the moment throughout Perth construction loan, how does it work?Hi guys just wanted to know some info on how a construction loan works. How long do they usually take? Is it straight forward? Is it a long process? My bank has told me i… S&M started a topic 17 November 2010 ago Contract signing this Wednesday!Hi Mel,
Congratulations on your contract signing!  It is a hefty document indeed, but by the sounds of things you got through it and have done well. A video guide that… Team PD replied 17 November 2010 ago Cost plus contract - bad idea?It's bad, very bad... no incentive to improve on costs, and you don't know what arrangements your builder has, like rebates from suppliers. The trades will be cost plus… ECOECO replied 18 November 2010 ago Should I change lender?also, compare exit fees/discharge fees if they apply to you. Big4 usually have a lower exit fee as compared to the non-banks… Helyn replied 19 November 2010 ago HelynNov 19, 2010 3:33 pm Construction Loan......HelpJust incase anyone wanted to know what happened in our case - commbank came through with the goods, we refinanced our investment property and land and drew on some of the… brokers as seen on ACA?Hi all,
a number of weeks ago 6-8 on Melbourne TV ACA or Today tonite saw a segment on 2 brothers running a mortgage broking business does anyone remember this… Valuation dillema...$456k is not little , a lot higher:)
The bank is yet to come with the new valuation and it has been more than a week since we applied for revaluation..not sure why they… Romani replied 23 November 2010 ago zozoDec 07, 2010 11:02 am Credit ApprovalWe're with Westpac, the land approval took just over a week, and our construction approval took about 2-3 weeks. Alex88 replied 9 December 2010 ago on-line queriesThe online calculators are for the most part useless. They are as a guide only. Serviceability is very complex and the policies & methods of assessment vary signficiantly… Mortgage confusionThanks for all your help guys! It's all starting to make a lot more sense now. Yobes replied 13 December 2010 ago YobesDec 13, 2010 10:49 am Its all ours.
lucky you and well done i to remember the day making the last payment on our house we payed our first house up at age 24 but that was before we decided to move its a great… mortgageIf the bankruptcy is discharged you can borrow up to 80% of the value of your current property and the new property. You will need to go with a non-conforming or… First Home Buyers Finance AdviceThat 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… shapeJan 06, 2011 1:37 pm use existing property as collateralGiven Australian housing prices are some of the highest in the world, leveraging on investment properties is not what I would call a good investment decision. But of… Need advice on selecting a home loanWe are with ME, and have been for years. We have looked at other loans from time to time, we were going to use a Mortgage Broker at one stage, we told him what we were… deb17 replied 15 January 2011 ago deb17Jan 15, 2011 7:30 pm Where did you live when you built?
Hi all
Thanks so much for your replies. Apologies for not coming in sooner.
We have decided to buy established. We could probably just squeeze by with rent costs and… Jme replied 19 January 2011 ago Bank is still suffing us around grrrI'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 -… No LMI for LVR of 90%?Hi Michael,
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%… shape replied 22 January 2011 ago shapeJan 22, 2011 12:11 am shapeJan 22, 2011 12:15 am Mortgage HouseToday, 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 %… kornjen started a topic 23 January 2011 ago First Home Buyer Questionsjust 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… shape replied 25 January 2011 ago shapeJan 25, 2011 4:33 pm
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