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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…

17
987
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
672
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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1134
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
606
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
652
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
804
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
810
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…

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3115
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
1320
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
934
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
1174
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
835
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
1034
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
848
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…

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1376
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…

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1151
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
1110
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
671
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
941
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
1237
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
878
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
879
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
817
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
1006
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
1524
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
655
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
1332
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
851
Pepto471
May 08, 2010 4:08 pm
Pepto471
thlo
thlo
16 May 2010

st George

st George

Yes well said. I made…

17
1962
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.

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1780
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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1975
aldavies3
May 18, 2010 11:13 pm
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1336
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…

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1334
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…

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3563
Deemaree
May 30, 2010 7:09 pm
Deemaree
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3222
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
1084
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
1423
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
847
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
692
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…

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2294
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…

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5584
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
1296
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
1609
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
3440
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
831
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
1741
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
1453
Moonahgirl
Jul 19, 2010 4:42 pm

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