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Last Post
Lakie
Lakie
17 August 2009

Buying Land now?

Buying Land now?

Thanks for the advice all, is very much appreciated :)

6
513
Lakie
Aug 17, 2009 5:09 pm
Miss-Build-A-Lot
Miss-Build-A-Lot
20 August 2009

Putting in an offer before Auction

Putting in an offer before Auction

Thanks very much for your responses! After much careful consideration, we have decided not pursure this property as it is a little bit too much risk for us at this point…

4
435
Miss-Build-A-Lot
Aug 20, 2009 11:11 am
Miss-Build-A-Lot
AWR
AWR
20 August 2009

Section 27

Section 27

I'm going to take this 1 step further. I sold at Auction. Because I am looking to buy, a Section 27 was served to the purchaser. Why would a purchaser NOT sign it? I…

2
1064
AWR
Aug 20, 2009 1:38 pm
OMG
OMG
20 August 2009

Finance Brokers Using Forums

Finance Brokers Using Forums

I am not a broker but I did meet my current broker through an investment property forum. This broker is much more experienced than my previous broker (who I was referred…

1
379
OMG
Aug 20, 2009 11:34 pm
thlo
thlo
21 August 2009

Newbie deposit question

Newbie deposit question

Eric, be careful when thanking me. :lol: elastic doesn't like…

10
601
thlo
Aug 21, 2009 1:13 pm
thlo
thlo
thlo
21 August 2009

How Much Deposit for Your Home Loan?

How Much Deposit for Your Home Loan?
1 ... 5, 6, 7

That was very prudent! And you were lucky. :)

121
5141
thlo
Aug 21, 2009 1:30 pm
thlo
Ozman
Ozman
23 August 2009

Collusion among the Banks to provide low valuations

Collusion among the Banks to provide low valuations
1, 2

berny - The biggest challenge for newly developed areas in Sydney is that there is little or no sales data for valuers to use. As such, they compare to adjacent areas…

30
1245
Ozman
Aug 23, 2009 11:34 am
lozza81
lozza81
24 August 2009

Is this too risky??

Is this too risky??

WELL.....the loan was all approved last friday. AND thank goodness the risk we took paid off!! Value of dual occupancy came in at exactly $300K (what we paid at auction)…

11
1005
lozza81
Aug 24, 2009 8:55 pm
aLLaNNa1
aLLaNNa1
25 August 2009

Conditional Pre-approvals - have you been honoured?

Conditional Pre-approvals - have you been honoured?

Im going to apply for pre-approval soon. I think its valid for 3 months only. If I dont manage to purchase a property within this time frame, can I apply for pre-approval…

5
506
aLLaNNa1
Aug 25, 2009 5:57 pm
Sharksta
Sharksta
26 August 2009

debt

debt

It probably depends a bit on the company. They will usually assess your situation & consider the options best for yourself. These could include:- 1. Debt…

2
435
Sharksta
Aug 26, 2009 9:57 am
ibfragalot99
ibfragalot99
26 August 2009

Land contract - Subject to Finance clause - What $ to put?

Land contract - Subject to Finance clause - What $ to put?

Yep, unconditional for the land now and conditional for the house. You were right, the land guys got back to me and its fine. Yay :)

2
349
ibfragalot99
Aug 26, 2009 12:47 pm
ibfragalot99
aLLaNNa1
aLLaNNa1
28 August 2009

stamp duty and land tax

stamp duty and land tax

ah....i didnt know that. i've budgeted for a large stamp duty based on the total land + house, as per what i paid when i purchased my established house a few years back.…

5
2393
aLLaNNa1
Aug 28, 2009 11:19 am
craigandamy
craigandamy
1 September 2009

CBA progress payment processing time?

CBA progress payment processing time?

we are up to our 3rd invoice and this one only took 4 days to be paid.... the first 2 however took 3 weeks and were paid at the same time...

10
1378
craigandamy
Sep 01, 2009 2:32 pm
thlo
thlo
1 September 2009

Land & Construction Settlement at the same time + FHOG

Land & Construction Settlement at the same time + FHOG

Thank you thlo I just phoned Revenue SA and they have advised me that it is approved, but the bank I am going through hasn't put in the…

7
1119
thlo
Sep 01, 2009 9:36 pm
thlo
thlo
thlo
2 September 2009

Approval Drama's with Banks????? Anyone else????

Approval Drama's with Banks????? Anyone else????
1, 2, 3

lexirm, which bank said they approved it but LMI declined it?

52
2148
thlo
Sep 02, 2009 5:16 pm
thlo
thlo
thlo
3 September 2009

How does someone being a guarantor work

How does someone being a guarantor work

You can find more information about home loan guarantors in these threads viewtopic.php?f=31&t=16965&start=0&hilit=guarantor

4
542
thlo
Sep 03, 2009 9:38 pm
thlo
aLLaNNa1
aLLaNNa1
5 September 2009

Time limit for borrowing the loan amount

Time limit for borrowing the loan amount

can someone please help me....im thinking of selling my house to my brother, at below market value. House value is about $390k. My payout figure for this mortgage is…

6
390
aLLaNNa1
Sep 05, 2009 12:07 am
brendondanielle
brendondanielle
6 September 2009

Proof of your ability to pay?

Proof of your ability to pay?

My FIL had to get letter from the bank to say he has the funds. We are in Victoria.

14
724
brendondanielle
Sep 06, 2009 5:33 pm
qwerty
qwerty
7 September 2009

Craigieburn New Home

Craigieburn New Home

Hi Everyone, Am purchasing Land in Craigiebun ! A bit concerned about the following and would like to know others experieces. What is the ROCK removal cost ? How much…

0
195
qwerty
Sep 07, 2009 10:46 am
Innovator
Innovator
9 September 2009

Finance advice needed - REF, Offset

Finance advice needed - REF, Offset

In relation to you wanting to pay the broker, I would offer you this to think about. If he / she was doing there job correctly in the first place, they would have asked…

4
1105
Innovator
Sep 09, 2009 1:36 am
jbdave
jbdave
9 September 2009

Question about constructing on land owned by a third party

Question about constructing on land owned by a third party

Interesting. I'm no expert, but a lawyer would have to be contacted in order to facilitate this arrangement. The one issue that stands out for me is that the banks will…

1
251
jbdave
Sep 09, 2009 5:03 pm
thlo
thlo
9 September 2009

Home loan with Commonwealth Bank

Home loan with Commonwealth Bank

thlo, we expect to be signing the contracts for a new property tomorrow. We already have pre-approval. My husband is going overseas on Sunday for…

19
4278
thlo
Sep 09, 2009 11:56 pm
thlo
ECOECO
ECOECO
10 September 2009

Homeside Stuffup

Homeside Stuffup

Everywhere... but (supposedly) only…

10
663
ECOECO
Sep 10, 2009 7:24 pm
ECOECO
thlo
thlo
12 September 2009

Credit card debt affects borrowing capacity?

Credit card debt affects borrowing capacity?
1, 2, 3

I agree you don't have to be old to think in this way; ie. spend only what you have, but there are too many temptations to spend what you don't have.

41
1575
thlo
Sep 12, 2009 12:14 am
thlo
Hoffies
Hoffies
13 September 2009

Mortgage Protection Insurance Vs Income Protection Insurance

Mortgage Protection Insurance Vs Income Protection Insurance

We have income protection/trauma/death/partial or permenent disability insurance and I think it's great. Our financial advisor set this up…

14
2687
Hoffies
Sep 13, 2009 7:41 am
travelbug
travelbug
13 September 2009

Qantas Credit Union

Qantas Credit Union

Hi, what is the rate? Is this for a PPOR or and investment? Hubby works for them. I didn't even think about them. thanks.

4
500
travelbug
Sep 13, 2009 8:48 am
thlo
thlo
13 September 2009

LMI for westpac

LMI for westpac

This is a trade secret. Can't say. ::wink:: But the answer was No when I was last dealing with Westpac (a few months ago).

1
256
thlo
Sep 13, 2009 1:25 pm
thlo
trepidman
trepidman
17 September 2009

bank valuation and site works

bank valuation and site works

It includes the site costs. It can also include some external things like a driveway and fences. Used to be some people loaded it up with costs for outdoor spas and the…

1
314
trepidman
Sep 17, 2009 11:21 pm
trepidman
harribeka
harribeka
18 September 2009

Construction Loans & Stage Payments

Construction Loans & Stage Payments

Hi there, If you have already signed your loan contract and the build price is less when finished than you have borrowed, at completion you get the leftover funds. It…

2
592
harribeka
Sep 18, 2009 8:03 pm
harribeka
thlo
thlo
23 September 2009

Do I really need a broker?

Do I really need a broker?
1, 2, 3, 4, 5

I found that it was actually not to difficult after the first 3/4 banks, I new what I was looking for, said that straight up, an the bankers…

82
4676
thlo
Sep 23, 2009 12:52 pm
thlo
kkatt
kkatt
23 September 2009

Signing contract before getting loan

Signing contract before getting loan

kkatt: wouldn't cba only pay our builder for the carpet, tiles, etc because that is what they valuated? Our tender is roughly the same price as…

7
558
kkatt
Sep 23, 2009 2:33 pm
kkatt
thlo
thlo
23 September 2009

Home Loans for First home Buyers

Home Loans for First home Buyers

Probably the ultimate penalty part of it, that is if you do not buy a first home with the money in that account it all gets transferred to…

17
962
thlo
Sep 23, 2009 2:46 pm
thlo
*frosty*
*frosty*
23 September 2009

UNCONDITIONAL APPROVAL!! WOO-WEEEEE!

UNCONDITIONAL APPROVAL!! WOO-WEEEEE!

Congratulations!!! ::celeb:: ::celeb:: ::celeb:: So exciting! Now the fun stuff begins!

6
454
*frosty*
Sep 23, 2009 4:30 pm
*frosty*
craigandamy
craigandamy
3 October 2009

Final Loan Approval Declined - Can they do this?

Final Loan Approval Declined - Can they do this?

We had a similar situation at the start of the year with our bank and since then things have got alot tougher. Essentially unless you have been given your loan documents…

15
2139
craigandamy
Oct 03, 2009 1:10 pm
singlemum2daughters
singlemum2daughters
6 October 2009

anyone with homestart/home loan centre?

anyone with homestart/home loan centre?

michael sa; sorry to hear about the rough move what happened. pm if you prefer. you wouldnt happen to be just across the road from woolies well it would be to your slight…

9
1181
singlemum2daughters
Oct 06, 2009 7:46 am
singlemum2daughters
razorman
razorman
8 October 2009

Sell first or get bridging loan?

Sell first or get bridging loan?

Bridging loans really scare me. The interest rate is always high and could could get stuck between properties. Less likely in a booming market but more likely now. Is…

18
861
razorman
Oct 07, 2009 11:57 pm
waranraz
waranraz
8 October 2009

waiting and very nervous for loan approval

waiting and very nervous for loan approval

ive been waiting a while for formal approval with keystart, on tuesday my broker called to tell me keystart where assesing our loan that day , i…

11
832
waranraz
Oct 08, 2009 1:25 pm
waranraz
singlemum2daughters
singlemum2daughters
9 October 2009

Borrowing: A kick in the teeth (and more)

Borrowing: A kick in the teeth (and more)
1, 2

thats good to hear :z: fabulous news... just remember theres always a light at the end of the tunnel.

33
1796
singlemum2daughters
Oct 09, 2009 3:58 am
singlemum2daughters
Domenic
Domenic
9 October 2009

Construction Loan payment question

Construction Loan payment question

Thank you for your comments Yeah its interest only until the final payment is due.

5
417
Domenic
Oct 09, 2009 11:10 am
Sierra
Sierra
10 October 2009

Construction loan payments?

Construction loan payments?

no probs. ie. ( The amount owed (x) percent interest rate ) / 356 = Interest per day ... ... $10280 / 356 = $28.88 (per…

4
497
Sierra
Oct 09, 2009 11:48 pm
Sierra
elastic
elastic
12 October 2009

How to save thousands on your mortgage

How to save thousands on your mortgage
1, 2

I agree with Glen Glen, If you think that your PPOR may become a investment property down the track, it is alot better to use the IO/Offset account combination as it…

22
1860
elastic
Oct 12, 2009 10:40 am
Trent Davidson
Trent Davidson
13 October 2009

No repayment changes during construction???

No repayment changes during construction???

Hello Everyone, Anz handle their construction lending a little different to other institutions. As during the construction period the lending is Interest Only they have a…

3
318
Trent Davidson
Oct 13, 2009 7:20 pm
Trent Davidson
Trent Davidson
Trent Davidson
13 October 2009

Does Bank require building permits before full appproval?

Does Bank require building permits before full appproval?

Hello Everyone, In my experience as a lender and broker I have found that formal approval can be obtained without having full permit approvals. Plans and specs are a…

11
640
Trent Davidson
Oct 13, 2009 7:50 pm
Trent Davidson
Trent Davidson
Trent Davidson
13 October 2009

Consolidating debts into a Home Loan - Possible??

Consolidating debts into a Home Loan - Possible??

Hey Everyone, GlenGlen is correct. There are a few lenders that will do the Family Equity scenario and assist through using your parents property as a guarantee (provided…

13
817
Trent Davidson
Oct 13, 2009 8:40 pm
Trent Davidson
Ziedrich
Ziedrich
14 October 2009

FHB buying vacant lot

FHB buying vacant lot

Hello, just an update. I called DTF =) They confirned that FHB like myself must pay stamp duty on vacant lot of land. I can then apply for the FHOG when I have a building…

3
375
Ziedrich
Oct 14, 2009 7:02 pm
Trent Davidson
Trent Davidson
19 October 2009

What if titling is delayed for the FHOG

What if titling is delayed for the FHOG

Hello, The two posts above are correct. If you can get some confirmation from your builder etc that there is a delay and a brief outline of the reasons. In this case…

3
302
Trent Davidson
Oct 19, 2009 11:17 am
Trent Davidson
Trent Davidson
Trent Davidson
19 October 2009

HELP! Finance Query re Deposit for Build of 2nd Home & Land

HELP! Finance Query re Deposit for Build of 2nd Home & Land

GlenGlen. Cba does have break costs and compared to other lenders $700 for the DEF isnt that large of a cost. The broker in this case is probably looking at the exposure…

17
840
Trent Davidson
Oct 19, 2009 1:01 pm
Trent Davidson


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