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jb_money
jb_money
20 February 2010

Post-renovation valuation financing

Post-renovation valuation financing

If you are using a licenced builder and your renovations will add value to the property then in most cases you can get a home loan increase based on the on completion…

2
471
jb_money
Feb 20, 2010 2:36 pm
thlo
thlo
22 February 2010

Mobile Banker

Mobile Banker

i am buliding my first house we have been dealing with an ANZ mobile banker as my partner works hours that make it had for us to get to the…

7
652
thlo
Feb 22, 2010 12:59 pm
thlo
thlo
thlo
22 February 2010

valuation ?

valuation ?

Just wondering out of curiosity. Why won't banks reveal the valuation amount to you if it comes in at what you need or above, but they will if it…

3
487
thlo
Feb 22, 2010 1:04 pm
thlo
thlo
thlo
22 February 2010

Westpac's Variable Rate Increase; Will others follow?

Westpac's Variable Rate Increase; Will others follow?
1, 2

When I was searching I noticed that many of the lenders who provided much lower standard rates did so in introductory offers, or did not provide…

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1546
thlo
Feb 22, 2010 1:13 pm
thlo
45
2609
thlo
Feb 22, 2010 1:28 pm
thlo
thlo
thlo
22 February 2010

How to receive a rate discount of loan?

How to receive a rate discount of loan?

Am I in a reasonable position to negotiate a rate reduction? Is a negotiated reduction over the life of the loan? Or is it one of those honeymoon…

20
1348
thlo
Feb 22, 2010 1:52 pm
thlo
thlo
thlo
22 February 2010

Loan Offer & RBA Rate rise

Loan Offer & RBA Rate rise

I already have a loan offer and am going through the signatures, obtaining certificate of currency, title transfers etc If a rate rise occurs during…

3
513
thlo
Feb 22, 2010 2:03 pm
thlo
thlo
thlo
22 February 2010

Selling home with mortgage

Selling home with mortgage

Also important to note; you don't always have a surplus when you sell a home that is mortgaged. You can have a shortfall as well and you need to pay this amount on settlement day.

3
759
thlo
Feb 22, 2010 2:18 pm
thlo
thlo
thlo
22 February 2010

House Deposit - How to save SUGGESTIONS?

House Deposit - How to save SUGGESTIONS?
1, 2

Yes, I think experimenting with "not using credit cards for 3…

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2639
thlo
Feb 22, 2010 2:42 pm
thlo
Vundaful!
Vundaful!
22 February 2010

Furious with bank!!

Furious with bank!!

I know we're given to whinging and moaning about things, but banks really do deserve the awful reputation they have. We have given up on ours - just when you think they…

2
666
Vundaful!
Feb 22, 2010 5:38 pm
Vundaful!
thlo
thlo
26 February 2010

Does anyone have ANZ Simplicity Plus?

Does anyone have ANZ Simplicity Plus?

NO, apparently they have been preparing these loan documents for the last two days now. Well it took 7 business days to start preparing the loan documents after the…

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2370
thlo
Feb 26, 2010 1:56 pm
thlo
Trent Davidson
Trent Davidson
1 March 2010

hypothetical

hypothetical

Hey Ezza, Depending on the lender you may not even need to 'refinance'. You may be able to request to have the guarantee's removed as a seperate process. What you can…

3
541
Trent Davidson
Mar 01, 2010 11:55 am
Trent Davidson
mwa7876
mwa7876
3 March 2010

FHOG at or after settlement?

FHOG at or after settlement?

I am with Trent and thlo on this one. I always lodge the FHOG application with the lender and it is paid at settlement regardless of the LVR. I can't think of any reasons…

3
561
mwa7876
Mar 03, 2010 10:34 am
Jodie80
Jodie80
4 March 2010

Who does the final inspection? or builder? or a 3rd a party?

Who does the final inspection? or builder? or a 3rd a party?

I believe its your Site Supervisor and yourself who would do the final inspection? Unless you have arranged for an independent building inspector as well. At my place, my…

1
387
Jodie80
Mar 04, 2010 11:54 am
Jodie80
*frosty*
*frosty*
4 March 2010

Question for a friend - Acquired Money

Question for a friend - Acquired Money

Hmmmmm interesting, thanks Trent!! I'll pass on that info. Sounds like a term deposit is the way to go. However, just out of curiosity, we've talked about buying land in…

3
564
*frosty*
Mar 04, 2010 3:57 pm
*frosty*
Pepto471
Pepto471
5 March 2010

Bank Valuation Short!!!! what to do??

Bank Valuation Short!!!! what to do??
1, 2, 3

can someone help me with these questions i have a loan approved with CBA, i have signed documents etc and my loan account now appears on my netbank. what is the maximum…

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6279
Pepto471
Mar 05, 2010 4:56 pm
Pepto471
Eoh
Eoh
8 March 2010

FHOG extension

FHOG extension

Anyone who can help us? We do need your help. Any suggestions should be helpful. Thank you so…

6
1764
Eoh
Mar 08, 2010 1:12 pm
Pepto471
Pepto471
10 March 2010

Subject to finance at auctions

Subject to finance at auctions

thanks Trent. yu have shed me with a lot of light.

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2375
Pepto471
Mar 10, 2010 10:39 am
Pepto471
mwa7876
mwa7876
12 March 2010

Pre-approval - what good is it?

Pre-approval - what good is it?

Not all pre-approvals are useless. It depends on the lender you use. For example some lenders we use, such as Bankwest, only electronically assess pre-approval…

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1715
mwa7876
Mar 12, 2010 12:02 am
zoe's mama
zoe's mama
15 March 2010

Challenging bank valuation in established suburb (WA)

Challenging bank valuation in established suburb (WA)

I managed to get evidence that our valuation was ~30k short. Still didn't help though. I tried my best to negotiate, now I just have to suck it up and move on ::cry:: :::

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1151
zoe's mama
Mar 15, 2010 9:57 pm
Pepto471
Pepto471
16 March 2010

FHOG??? Vic

FHOG??? Vic

Hi all!! I'm new here and did my best to search for my answer but couldn't find what I was looking for... Anyway We signed our land…

2
660
Pepto471
Mar 16, 2010 8:15 pm
Pepto471
Mrs B
Mrs B
17 March 2010

After some advice

After some advice

Hi Bel ::smile:: have a read of this thread... viewtopic.php?f=1&t=31102 This is just one of the many things you need to look at. I remember when we bought the block our house…

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979
Mrs B
Mar 17, 2010 7:23 am
Mrs B
Belial
Belial
17 March 2010

Question about deposit on building loan

Question about deposit on building loan

The thing to remember is the deposit you pay to the builder and (if applicable) land only makes up a proportion of the deposit you provide overall in regards to your loan…

2
665
Belial
Mar 17, 2010 8:18 am
Belial
glenglen
glenglen
17 March 2010

which loan

which loan

Hi jagguy, Any broker should be able to give you free advice, if you don't use them after that advice, that is up to you. Would need a little more information but if you…

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1099
glenglen
Mar 17, 2010 5:42 pm
Annietom
Annietom
18 March 2010

Will we have our valuation/bank cheque by settlement?

Will we have our valuation/bank cheque by settlement?

oh I feel for you Roar, we had a tight timeframe too, a lot of people do, some have to vacate rental places etc... it's a bit stressful to say the least. do you have a…

2
597
Annietom
Mar 18, 2010 8:08 pm
Annietom
alfy
alfy
19 March 2010

LMI when building

LMI when building

Guess it depends on your lender... We went through CBA and the lender incorporated it with the loan..

3
647
alfy
Mar 19, 2010 4:18 pm
larajane
larajane
22 March 2010

Can we get any of our first home deposit back?

Can we get any of our first home deposit back?

Nevermind, we are going ahed with it after all :) We found a solution to our problem.

3
790
larajane
Mar 22, 2010 7:05 pm
larajane
tyson61
tyson61
28 March 2010

What comes first

What comes first

The first thing you need to establish with your broker is what is your maximum borrowing capacity. This is based on your income (and what your income is made up from ie:…

4
792
tyson61
Mar 28, 2010 9:12 pm
Trent Davidson
Trent Davidson
29 March 2010

Need advice with loan rejection (good news!)

Need advice with loan rejection (good news!)

Pepto you need to check your docs. If you have signed them already, you have a binding contract.. there would be fees to break this. Bankwest and CBA are different…

18
2884
Trent Davidson
Mar 29, 2010 1:53 pm
Trent Davidson
aLLaNNa1
aLLaNNa1
30 March 2010

Home Loan Balance

Home Loan Balance

So what happens if, our loan was approved for $400k which includes the costs for airconditioning ($10k). If we then decide to pay the ac installer by cash upon completion,…

9
1304
aLLaNNa1
Mar 30, 2010 10:24 pm
kek
kek
31 March 2010

Final Invoice - what is the bank's process?

Final Invoice - what is the bank's process?

There was no final valuation for us ....once cert of occupancy and evidence of insurance were provided, along with a signed authority to pay, the cheque was handed over.…

8
902
kek
Mar 31, 2010 6:56 pm
kek
Pepto471
Pepto471
2 April 2010

How to get a loan for contract + variations?

How to get a loan for contract + variations?

This makes me very worried since our builder only charged us 6000 for site costs. What has been the general site costs…

10
1155
Pepto471
Apr 02, 2010 12:09 pm
Pepto471
Aussie_Chik
Aussie_Chik
5 April 2010

Metri@)N - Building In NSW? ANYONE?

Metri@)N - Building In NSW? ANYONE?

We're building with M in NSW. I realise you're a few months ahead since last post - but happy to share stories if still interested. Melinda

3
813
Aussie_Chik
Apr 05, 2010 8:59 am
Linor501
Linor501
6 April 2010

Land Valuation at the Ponds...

Land Valuation at the Ponds...

land valuation is compulsory for all the lenders... some land is being undervalued by the valuers... Congrats dreamz ::wink::

9
1022
Linor501
Apr 06, 2010 2:43 pm
Linor501
glenglen
glenglen
8 April 2010

Redrawing on an Investment Loan

Redrawing on an Investment Loan

Best thing to do would be to use the equity in purchasing another investment property. The funds will therefore be deemed for investment and become tax deductable. The…

5
844
glenglen
Apr 08, 2010 10:49 pm
glenglen
glenglen
15 April 2010

Wat is the common method for investment?

Wat is the common method for investment?

First time, You seem to be doing everything correct in regards to investing, that is getting the information you need to make a decision. 3 people you need around you…

10
1357
glenglen
Apr 15, 2010 10:43 pm
glenglen
glenglen
15 April 2010

Buying my first land

Buying my first land

First time, Different states different rules for FHO. In WA the rule is that the FHOG and the stamp duty concession isn't given until you build on the land. therefore, if…

7
1146
glenglen
Apr 15, 2010 11:01 pm
jb_money
jb_money
20 April 2010

Bridging loans - help!!!!

Bridging loans - help!!!!

As a general rule bridging loans work well when the total debt (known as the peak debt) adds up to be less than 70% to 80% of the value of both properties. The final debt…

2
1094
jb_money
Apr 20, 2010 5:28 pm
jb_money
jb_money
20 April 2010

Help with bridging finance - any other options

Help with bridging finance - any other options

$22k for bridging finance for 5 weeks? Either you are borrowing a very large sum of money or something isn't right there. The 10k break fee I can understand, that is…

1
670
jb_money
Apr 20, 2010 5:34 pm
jb_money
jb_money
20 April 2010

question about credit file

question about credit file

Pepto - This is unlikely to affect your application. Some lenders have been rumoured to do a credit check prior to settlement however I have never seen it done in the last…

4
927
jb_money
Apr 20, 2010 5:38 pm
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
1198
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
866
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
872
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
813
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
991
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…

11
1502
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
1267
glenglen
May 05, 2010 11:39 pm


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