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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
2799
Matilda
Nov 08, 2009 9:09 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
435
ourdesign09
Nov 08, 2009 9:23 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
344
yvette72
Nov 11, 2009 7:54 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
427
Sierra
Nov 11, 2009 10:18 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.

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1546
thlo
Nov 13, 2009 1:51 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
398
thlo
Nov 13, 2009 1:07 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…

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2851
nelson15
Nov 14, 2009 1:25 am
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1227
aLLaNNa1
Nov 17, 2009 12:14 pm
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'…

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1739
Rizzo
Nov 21, 2009 6:05 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
447
mpcj
Nov 25, 2009 10:20 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…

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3126
bill-mitris
Nov 28, 2009 9:43 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
694
thlo
Dec 02, 2009 1:31 pm
thlo
Sierra
Sierra
2 December 2009

Final payment question.....

Final payment question.....

Thanks for the responses!

6
766
Sierra
Dec 02, 2009 10:02 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
359
thlo
Dec 03, 2009 9:42 am
thlo
19
1315
thlo
Dec 03, 2009 10:17 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
1291
sbudge
Dec 03, 2009 11:31 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
338
Trent Davidson
Dec 09, 2009 12:57 pm
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
815
Trent Davidson
Dec 09, 2009 1:54 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
693
Trent Davidson
Dec 10, 2009 10:33 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
720
draco76
Dec 11, 2009 10:43 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 10:06 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
563
luis_i
Dec 18, 2009 2:38 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
721
rena
Dec 19, 2009 11:25 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
1098
wonderland
Dec 29, 2009 12:45 am
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
568
bel
Jan 02, 2010 2:14 pm
bel
aLLaNNa1
aLLaNNa1
6 January 2010

Suncorp pre-approval

Suncorp pre-approval

Thanks for clarifying that issue Trent :)

13
1450
aLLaNNa1
Jan 06, 2010 11:53 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
909
The Brain
Jan 09, 2010 5:27 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
1304
rolandd
Jan 10, 2010 9:25 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
1298
Richo
Jan 13, 2010 12:10 pm
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
598
thlo
Jan 19, 2010 1:32 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
1140
luis_i
Jan 20, 2010 6:58 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
570
elastic
Jan 22, 2010 8:25 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
334
Bam
Jan 24, 2010 8:52 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
1236
questor
Jan 27, 2010 2:22 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
1402
questor
Jan 27, 2010 2:31 am
questor
camyperth
camyperth
29 January 2010

What to do with our house: new way of looking at this

What to do with our house: new way of looking at this

Yes,this is certainly right - any income you earn from rentals is definetely subject to tax. On the other hand all expenses such as agents fees, rates, maitenance,…

7
675
camyperth
Jan 29, 2010 10:44 pm
2
427
tortoise
Feb 07, 2010 9:06 pm
16
2520
Jodie80
Feb 10, 2010 12:34 am
Jodie80
draco76
draco76
10 February 2010

Money in the offset vs in the loan

Money in the offset vs in the loan

thanks all.. i guess i'll be putting it in the offset then..

6
576
draco76
Feb 10, 2010 7:16 pm
jb_money
jb_money
11 February 2010

Getting a thankyou gift for a mortgage broker?

Getting a thankyou gift for a mortgage broker?

The best gift you can give to a good broker is to actively recommend him to your friends and family when they need a loan. Brokers are small business owners and really…

5
720
jb_money
Feb 11, 2010 8:48 pm
Fernyhouse
Fernyhouse
15 February 2010

BUYING A SECOND HOME

BUYING A SECOND HOME

You will have to talk to the bank or a mortage broker, it's dependent on the equity in the house you currently have and the amount you are able to borrow as well as…

1
389
Fernyhouse
Feb 15, 2010 4:06 pm
Trent Davidson
Trent Davidson
17 February 2010

LVR on project home building costs

LVR on project home building costs

The property is initiallialy security for the loan. So in effect removing the improvement takes away the habitability of the property. Dropping it into the vacant land…

6
535
Trent Davidson
Feb 17, 2010 12:50 pm
Trent Davidson
coolmate
coolmate
19 February 2010

What's your mortgage size for your new home?

What's your mortgage size for your new home?

Our PPOR loan is about 400k and investment loan now is 640k.

13
1392
coolmate
Feb 19, 2010 10:17 am
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
474
jb_money
Feb 20, 2010 3:36 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 1:59 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
494
thlo
Feb 22, 2010 2:04 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…

21
1579
thlo
Feb 22, 2010 2:13 pm
thlo
45
2624
thlo
Feb 22, 2010 2:28 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
1395
thlo
Feb 22, 2010 2:52 pm
thlo


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