jbdaveQuestion about constructing on land owned by a third party
9 September 2009
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…
thloAdvice needed - LMI in pre-approval but not Loan Agreement
10 September 2009
HoffiesMortgage Protection Insurance Vs Income Protection Insurance
13 September 2009
We have income protection/trauma/death/partial or permenent disability insurance and I think it's great. Our financial advisor set this up…
craigandamyFinal Loan Approval Declined - Can they do this?
3 October 2009
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…
singlemum2daughtersanyone with homestart/home loan centre?
6 October 2009
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…
elasticHow to save thousands on your mortgage
12 October 2009
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…
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…
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…
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…
Trent DavidsonWhat if titling is delayed for the FHOG
19 October 2009
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…
Trent DavidsonHELP! Finance Query re Deposit for Build of 2nd Home & Land
19 October 2009
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…
jb_moneyDoes a decrease in wage effect anything now?
25 October 2009
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…
Trent DavidsonLoan for Reno - is this normal ?
26 October 2009
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…
HelynRead the fine print before signing home loan contracts
1 November 2009
Our credit union does not charge any deferred establishment fee or early penalty of any sort for paying loan out early.