Trent DavidsonBuilder requesting info from our Bank
9 December 2009
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…
Trent Davidsonland loan, do we need formal approval now or later?
9 December 2009
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…
Trent DavidsonIn a fix --- Tender and loan amount !
10 December 2009
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…
saoyeCBA Valuation 65k below the house price in new suburb
11 December 2009
hi tpin70, Any progress? Photos?
jb_moneyAre valuations the last step on a loan application??
18 December 2009
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…
wonderlandWhen do you pay your 20% of the building loan
29 December 2009
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…
The BrainNeed some help in finding out how much funds needed...
9 January 2010
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.…
RichoLoan for HOuse & Land with title on land not due till 2010
13 January 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…
questorLet me tell you about a funny FHOG story vs the bank
27 January 2010
No wonder lots of people are opting for private loaning companies. Tsk tsk.
camyperthWhat to do with our house: new way of looking at this
29 January 2010
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,…
jb_moneyGetting a thankyou gift for a mortgage broker?
11 February 2010
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…
Trent DavidsonLVR on project home building costs
17 February 2010
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…
Westpac's Variable Rate Increase; Will others follow?
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…
Jodie80Who does the final inspection? or builder? or a 3rd a party?
4 March 2010
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…
Pepto471Bank Valuation Short!!!! what to do??
5 March 2010
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…
zoe's mamaChallenging bank valuation in established suburb (WA)
15 March 2010
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