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adrian
adrian
19 October 2009

House prices set to rise 20% within 3 years

House prices set to rise 20% within 3 years
1, 2

I'm hoping house rates rise a bit, so I can make a profit on my place in 5 years or so :)

23
987
adrian
Oct 19, 2009 2:44 pm
asterix79
asterix79
22 October 2009

Fixed interest rates

Fixed interest rates
1, 2

As for the issue at hand. To fix or not to fix. I like a lot of other brokers will say 'It really does depend on your individual…

23
1154
asterix79
Oct 22, 2009 10:29 am
zoe's mama
zoe's mama
22 October 2009

Feedback on Zincalume roof

Feedback on Zincalume roof

I am building in Bassendean, WA, the builder listed Colorbond as standard, but I chose Zincalume instead as it is cheaper and has better thermal…

12
1921
zoe's mama
Oct 22, 2009 3:55 pm
Rizzo
Rizzo
22 October 2009

stupid bank, what to do now?? update

stupid bank, what to do now?? update

lol 4 walls, might do just that :D Trent, no I can't access any view comments button. I did have a missed call and message on my phone from another lady saying she was…

12
706
Rizzo
Oct 22, 2009 8:27 pm
jb_money
jb_money
25 October 2009

Settlement Process.

Settlement Process.

It is relatively simple. Once the loan is approved, the contracts of sale have been exchanged and settlement approaches then the solicitor / conveyancer for the vendor…

1
329
jb_money
Oct 25, 2009 3:17 pm
jb_money
jb_money
25 October 2009

Does a decrease in wage effect anything now?

Does a decrease in wage effect anything now?

If the loan has been advanced already then this is no problem. If the loan has not yet been advanced (construction drawdowns don't count) then it may be a problem…

7
559
jb_money
Oct 25, 2009 3:24 pm
Trent Davidson
Trent Davidson
26 October 2009

Loan for Reno - is this normal ?

Loan for Reno - is this normal ?

For cosmetic renovations that is the case JB. But if you are doing structural renovations and that 80% is based on the existing valuation or the valuation 'prior' to the…

5
430
Trent Davidson
Oct 26, 2009 12:02 pm
Trent Davidson
freddo
freddo
28 October 2009

westpac lmi increase?

westpac lmi increase?

The calculator does not appear to be using new numbers. The numbers are…

7
1121
freddo
Oct 28, 2009 10:34 pm
trepidman
trepidman
29 October 2009

First progress payment question

First progress payment question

My bank has asked for a building permit before they will release any funds. Means I had to pay the contract deposit 5% myself. They say I can claim it back once the…

9
957
trepidman
Oct 29, 2009 8:28 pm
trepidman
thlo
thlo
30 October 2009

Valuations coming in short - what did you do?

Valuations coming in short - what did you do?
1, 2

We are now talking to another lender out of sheer principle to see what they can do as a fall back as we basically have to cut out…

39
2340
thlo
Oct 30, 2009 9:38 pm
thlo
Helyn
Helyn
1 November 2009

Read the fine print before signing home loan contracts

Read the fine print before signing home loan contracts

Our credit union does not charge any deferred establishment fee or early penalty of any sort for paying loan out early.

5
643
Helyn
Nov 01, 2009 5:58 pm
Helyn
Trent Davidson
Trent Davidson
2 November 2009

unconditional approval..

unconditional approval..

Congratulations Brydz05. Enjoy yourself.. It seems it has been quite the wait.. and worth it in the end :D

5
620
Trent Davidson
Nov 02, 2009 9:33 am
Trent Davidson
dragonflychic
dragonflychic
5 November 2009

Keystart unconditional approval

Keystart unconditional approval

Our unconditional took 5-6 weeks from Rams. Keystart probably are flat out at the moment so I wouldn't hold my breath.

1
462
dragonflychic
Nov 05, 2009 4:22 pm
dadandsue
dadandsue
6 November 2009

so angry and confused

so angry and confused

It looks like it was probably built around the World War 2 era. My best guess is 1940-1950

8
786
dadandsue
Nov 06, 2009 6:16 pm
Matilda
Matilda
8 November 2009

Finance for Rural property

Finance for Rural property

H_O_D, Trent and glenglen, thanks for your replies and the information, that sounds a bit more encouraging! Since my original post, I've now moved to a large regional…

8
2710
Matilda
Nov 08, 2009 8:09 am
Matilda
ourdesign09
ourdesign09
8 November 2009

Construction loan Question??

Construction loan Question??

okay yes it was used for the valuation but we havent borrowed anywhere near the valued ammount not even half!!! Also they have already released 2 payments to the builder…

2
433
ourdesign09
Nov 08, 2009 8:23 am
yvette72
yvette72
11 November 2009

low doc construction loan

low doc construction loan

we had a low doc construction loan the left over money from the loan was depositing into our bank account after handover of the house.that was with the bank of alediable

2
341
yvette72
Nov 11, 2009 6:54 pm
Sierra
Sierra
11 November 2009

home loan portability question

home loan portability question

Hello Ishenka, welcome... This is also called a substitution of security. We unsuccessfully tried doing it for our construction loan to avoid fees for breaking our old…

1
422
Sierra
Nov 11, 2009 9:18 pm
Sierra
thlo
thlo
13 November 2009

First Home Buyer Stress ?

First Home Buyer Stress ?
1, 2

Lenders have started featuring these services more lately.

31
1538
thlo
Nov 13, 2009 12:51 am
thlo
thlo
thlo
13 November 2009

Bank policy change!!

Bank policy change!!

Hi, we were hoping to use loan portability as we are selling our house and as I'm not working at the moment we can't 'afford' a loan according to…

1
393
thlo
Nov 13, 2009 12:07 pm
thlo
nelson15
nelson15
14 November 2009

Owner Builder Loan

Owner Builder Loan

Thanks mayjay. I might try that. Hills Guy, wow that doesnt sound promising :S Unfortunately i dont have any other property to finance from. Will have to dig abit deeper…

5
2806
nelson15
Nov 14, 2009 12:25 am
8
1192
aLLaNNa1
Nov 17, 2009 11:14 am
Rizzo
Rizzo
21 November 2009

Loan size - what would you do?

Loan size - what would you do?
1, 2

There's another non tangible side to the story. It could be easy to dismiss someone who wants a bigger house as wanting to keep up with the Jones'…

35
1673
Rizzo
Nov 21, 2009 5:05 pm
mpcj
mpcj
25 November 2009

tricky timing situation

tricky timing situation

A lot of builders were providing contracts without engineering for the FHOG applicants, and then making contract variations when the figures were in - perhaps you could do…

3
435
mpcj
Nov 25, 2009 9:20 pm
mpcj
bill-mitris
bill-mitris
28 November 2009

Standard loan turn around time?

Standard loan turn around time?
1, 2, 3, 4

Afternoon All, Any updated time frames? (noted most of this thread was for around may-aug) got weddings/honeymoon/selling out of the way. now to…

60
3046
bill-mitris
Nov 28, 2009 8:43 pm
thlo
thlo
2 December 2009

Switching banks?? Can it be done?

Switching banks?? Can it be done?

Refinancing for a small rate cut may not be a prudent decision these days. There is a possibility that lenders may raise rates over and above any…

9
688
thlo
Dec 02, 2009 12:31 pm
thlo
Sierra
Sierra
2 December 2009

Final payment question.....

Final payment question.....

Thanks for the responses!

6
756
Sierra
Dec 02, 2009 9:02 pm
Sierra
thlo
thlo
3 December 2009

Source of Home Loan?

Source of Home Loan?

This may be a stupid question but.... Is it possible to get a home loan from an international bank to purchase a property within Australia? With…

2
354
thlo
Dec 03, 2009 8:42 am
thlo
sbudge
sbudge
3 December 2009

Stressed out and Frustrated! What to do now?

Stressed out and Frustrated! What to do now?

Hi there ANZ does not lend money to owner builders Regards Shane

9
1253
sbudge
Dec 03, 2009 10:31 pm
Trent Davidson
Trent Davidson
9 December 2009

Builder requesting info from our Bank

Builder requesting info from our Bank

Hello, Depending on who you are building through they may have a deposit system for first home buyers that involves instead of you paying the deposit. The builders will…

1
329
Trent Davidson
Dec 09, 2009 11:57 am
Trent Davidson
Trent Davidson
Trent Davidson
9 December 2009

land loan, do we need formal approval now or later?

land loan, do we need formal approval now or later?

Hello, The most a lending institution would likely want to do at this stage is a conditional approval anyway. Depending on the stage of the development you are building…

3
803
Trent Davidson
Dec 09, 2009 12:54 pm
Trent Davidson
Trent Davidson
Trent Davidson
10 December 2009

In a fix --- Tender and loan amount !

In a fix --- Tender and loan amount !

Rupz. Your broker or Lender needs to frame it the right way. If need be submit it to credit to include the extra quotes and then have the valuer value the property land…

6
689
Trent Davidson
Dec 10, 2009 9:33 am
Trent Davidson
draco76
draco76
11 December 2009

how do you monitor your loan?

how do you monitor your loan?

thanks for all the replies.. i will look into that ANZ one.. land settled today so I officially got a mortgage ::hyst:: ::hyst::

10
713
draco76
Dec 11, 2009 9:43 pm
jb_money
jb_money
18 December 2009

Are valuations the last step on a loan application??

Are valuations the last step on a loan application??

Yes this varies depending on the lender: CBA / Colonial: At present around 2 - 3 working days. Normally the loan doesn't have to go back to credit unless there is a…

2
446
jb_money
Dec 18, 2009 9:06 am
luis_i
luis_i
18 December 2009

To Fix or to not?? HELP!!!!

To Fix or to not?? HELP!!!!

To fix or not to fix, that is the question. The question is also based on a matter of timing. If at the time you are applying for your loan the rates are considered…

8
558
luis_i
Dec 18, 2009 1:38 pm
rena
rena
19 December 2009

Does this offer sound possible/fair?

Does this offer sound possible/fair?

For you, I'd forget it and keep looking myself, it's too much to pay for a bloody house. We all need to start putting our…

10
708
rena
Dec 19, 2009 10:25 am
wonderland
wonderland
29 December 2009

When do you pay your 20% of the building loan

When do you pay your 20% of the building loan

Thanks everyone for your replies. I got an answer from my broker and have been told that i have actually paid for the 20% before the construction of the house started. The…

12
1070
wonderland
Dec 28, 2009 11:45 pm
wonderland
bel
bel
2 January 2010

Owning two homes - tax

Owning two homes - tax

:oops: Got a bit confused about the equity bit!!! :lol: Good luck with the bank! Bel :D

4
560
bel
Jan 02, 2010 1:14 pm
bel
aLLaNNa1
aLLaNNa1
6 January 2010

Suncorp pre-approval

Suncorp pre-approval

Thanks for clarifying that issue Trent :)

13
1417
aLLaNNa1
Jan 06, 2010 10:53 am
The Brain
The Brain
9 January 2010

Need some help in finding out how much funds needed...

Need some help in finding out how much funds needed...

Something else about the stamp duty too. As mentioned previously I too highly recommend that you pay it up front and not include it in your mortgage if you can help it.…

11
899
The Brain
Jan 09, 2010 4:27 pm
rolandd
rolandd
10 January 2010

Is this okay to do?

Is this okay to do?

Whatever works for you in practice is the best option, not what is in theory more "financially intellectual" ::lol:: For example, like Hels, I know Line…

19
1256
rolandd
Jan 10, 2010 8:25 am
Richo
Richo
13 January 2010

Loan for HOuse & Land with title on land not due till 2010

Loan for HOuse & Land with title on land not due till 2010

Been a while, but I thought that I should update my story on here, as it may be helpful for others. House was kept close to budget, but provisional site cost pushed it up…

16
1246
Richo
Jan 13, 2010 11:10 am
Richo
thlo
thlo
19 January 2010

Online House Valuation

Online House Valuation

All these service do is look for recent sales of similar size properties in the vicinity of your home. There is no physical inspection involved so they are quite vague but…

4
597
thlo
Jan 19, 2010 12:32 am
thlo
luis_i
luis_i
20 January 2010

*

*

Yes, I've done this to take advantage of the increase in value of the property of our home. Would be a waste if I wasn't able to use the equity to my advantage in some…

14
1114
luis_i
Jan 20, 2010 5:58 pm
elastic
elastic
22 January 2010

Job change in midst of construction - banks view

Job change in midst of construction - banks view

We're going through this as well, our broker has basicall recommended that we don't until after our land has settled and as such the first draw…

7
568
elastic
Jan 22, 2010 7:25 am
Bam
Bam
24 January 2010

Broker Melb Northern suburbs

Broker Melb Northern suburbs

Will do :D I'll have a look around tomorrow for you

3
330
Bam
Jan 24, 2010 7:52 pm
Bam
questor
questor
27 January 2010

Let me tell you about a funny FHOG story vs the bank

Let me tell you about a funny FHOG story vs the bank

::angry:: No wonder lots of people are opting for private loaning companies. Tsk tsk.

12
1220
questor
Jan 27, 2010 1:22 am
questor
questor
questor
27 January 2010

Another valuation question?

Another valuation question?

Good thing the valuer included them in your valuation. Otherwise, ::hyst::

20
1373
questor
Jan 27, 2010 1:31 am
questor


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