land loan, do we need formal approval now or later?
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…
CBA Valuation 65k below the house price in new suburb
hi tpin70, Any progress? Photos?
Are valuations the last step on a loan application??
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…
When do you pay your 20% of the building loan
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…
Need some help in finding out how much funds needed...
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.…
Loan for HOuse & Land with title on land not due till 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…
Let me tell you about a funny FHOG story vs the bank
No wonder lots of people are opting for private loaning companies. Tsk tsk.
What to do with our house: new way of looking at this
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,…
Getting a thankyou gift for a mortgage broker?
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…
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…
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