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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
341
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
617
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…

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5007
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
568
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
1012
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!

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466
*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
2390
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
1313
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
917
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
900
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
1858
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
450
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
505
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
1890
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
331
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
691
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
886
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
427
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
316
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
924
Trent Davidson
Oct 19, 2009 1:01 pm
Trent Davidson
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
1037
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
1300
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
1980
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
731
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
342
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
578
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
436
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
1193
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
987
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
2432
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
664
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
623
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
474
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
827
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
2836
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
436
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
357
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
428
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
1574
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
399
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
2923
nelson15
Nov 14, 2009 12:25 am
8
1324
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
2003
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
463
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
3219
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
697
thlo
Dec 02, 2009 12:31 pm
thlo
Sierra
Sierra
2 December 2009

Final payment question.....

Final payment question.....

Thanks for the responses!

6
809
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
366
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
1326
sbudge
Dec 03, 2009 10:31 pm

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