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…
Construction Loans & Stage Payments
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…
Do I really need a broker?
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…
Sep 23, 2009 12:52 pm
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…
Sep 23, 2009 2:33 pm
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…
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…
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.
Construction loan payments?
( The amount owed (x) percent interest rate ) / 356 = Interest per day
$10280 / 356 = $28.88 (per…
How to save thousands on your mortgage
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…
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…
What if titling is delayed for the FHOG
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…
Fixed interest rates
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…
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…
stupid bank, what to do now?? update
lol 4 walls, might do just that
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…
Oct 22, 2009 8:27 pm
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…
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…
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…
Nov 01, 2009 5:58 pm
Enjoy yourself.. It seems it has been quite the wait.. and worth it in the end
so angry and confused
It looks like it was probably built around the World War 2 era. My best guess is 1940-1950
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…
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…
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
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…
Nov 13, 2009 12:51 am
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…
Nov 13, 2009 12:07 pm
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…
Loan size - what would you do?
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'…
Nov 21, 2009 5:05 pm
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…
Standard loan turn around time?
Any updated time frames? (noted most of this thread was for around may-aug)
got weddings/honeymoon/selling out of the way. now to…
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…
Dec 02, 2009 12:31 pm
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?