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pinkfairymagic
pinkfairymagic
10 June 2009

Finance declined due to valuation - is VCAT an option?

Finance declined due to valuation - is VCAT an option?

Did you have a clause in your contract stating it was "subject to finance"??? If so, all you need to tell your builder is that you couldn't obtain finance and legally you…

1
352
pinkfairymagic
Jun 10, 2009 10:31 pm
pinkfairymagic
lynnebin1968
lynnebin1968
10 June 2009

Help Legal advice needed PLEASE!!

Help Legal advice needed PLEASE!!

l think you will find that your application forms that yous signed and returned are an application only. They are not bound to meet with their…

8
397
lynnebin1968
Jun 10, 2009 11:49 pm
lynnebin1968
thlo
thlo
16 June 2009

What do you think?

What do you think?
1, 2

haywgl, even if they are successful in arranging the finance for that amount, they will start feeling the pressure very soon when the rates start trending up.

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724
thlo
Jun 16, 2009 4:21 pm
thlo
yvette72
yvette72
17 June 2009

Commonwealth bank to increase their variable home loan rate

Commonwealth bank to increase their variable home loan rate

we are with cba and have been very happy with then and there service,Just remember it does not matter which bank you are with they will all follow anyway.With have been…

10
696
yvette72
Jun 17, 2009 11:01 am
jodge
jodge
17 June 2009

HELP! First home buyer Construction loans!

HELP! First home buyer Construction loans!

Yep, same for us LMI was paid on the land loan. When we get the construction loan, they calculate the LMI on the whole loan (land and construction combined), then take…

13
1066
jodge
Jun 17, 2009 11:47 am
jodge
thlo
thlo
17 June 2009

Financing Issue - Please advise :D

Financing Issue - Please advise :D

If you can get written quotes for it all and include it with the paperwork for your mortgage then the bank might include it for…

5
480
thlo
Jun 17, 2009 1:11 pm
thlo
thlo
thlo
17 June 2009

Which Lenders Pass on February 09 Rate Cut?

Which Lenders Pass on February 09 Rate Cut?
1, 2

Such a short time ago, we are discussing which lenders pass on RBA rate cuts. A few months later we are discussing all the rate increases by banks independent of RBA.

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3036
thlo
Jun 17, 2009 1:22 pm
thlo
niko
niko
18 June 2009

CBA is again increasing their fixed rates

CBA is again increasing their fixed rates

The question is... to fix, or not to fix. I can't bring myself to fix in the mid 7's. If it was low 6's again I definitely would.

6
375
niko
Jun 18, 2009 8:12 am
fxaud
fxaud
22 June 2009

Bank wanting council approval form before releasing funds?

Bank wanting council approval form before releasing funds?

Bill does Westpac have a standard progress payment schedule for construction loans in NSW you could share. how can i get the 5% deposit financed by the bank. what…

4
487
fxaud
Jun 22, 2009 9:54 pm
jodge
jodge
25 June 2009

STAMP DUTY TO BE ABOLISHED????????

STAMP DUTY TO BE ABOLISHED????????

I think the new article on realestate.com.au is suggesting that stamp duty will be abolished for every purchase, regardless of whether the property is new, or under $600K…

3
397
jodge
Jun 25, 2009 3:36 pm
jodge
Helyn
Helyn
25 June 2009

Stamp Duty

Stamp Duty

If a developer has built a house on the land and it has not been lived in, you may also only have to pay stamp duty on the land. this…

10
2552
Helyn
Jun 25, 2009 8:51 pm
Helyn
Robanna
Robanna
26 June 2009

Vendor Delaying Settlement

Vendor Delaying Settlement

Coz settlement is tommrow. and I havn't got my morgage approved yet!!! Come on, lasy banker and…

6
615
Robanna
Jun 26, 2009 10:03 am
Robanna
Helyn
Helyn
27 June 2009

1st Home Buyers Grant

1st Home Buyers Grant

My son got FHOG and he didnt have to do this. But that was in SA and also was for an established property - maybe different states or its only if your'e building. His…

1
239
Helyn
Jun 27, 2009 1:11 pm
Helyn
Sparky0118
Sparky0118
29 June 2009

Anone used this software - mortgage watchdog

Anone used this software - mortgage watchdog

My uncle purchased the program, he says it works ok but he hasn't found an error big enough to report. There is a website called The Interest Guardian that offers a free…

3
1207
Sparky0118
Jun 29, 2009 7:17 pm
thlo
thlo
30 June 2009

Incorrect interest rate on loan papers .. shud v sign ??

Incorrect interest rate on loan papers .. shud v sign ??

Isnt the whole point of documentation for each party to cover itself? Your providing the bank with an escape avenue if you sign as far as Im…

5
383
thlo
Jun 30, 2009 1:01 am
thlo
Moodyfish
Moodyfish
3 July 2009

Sleepless in Settlementland!

Sleepless in Settlementland!

oh...we got approval for the land :-) it's in my other thread :-)

8
536
Moodyfish
Jul 03, 2009 12:00 am
Moodyfish
waiting wishing
waiting wishing
5 July 2009

FHOG

FHOG

Thanks for the reply. I thought that there would have to be some sort of conditions that applied. It is an awful situation for a 21 year old to be in but she also needs…

5
375
waiting wishing
Jul 05, 2009 11:59 pm
coopsmummy
coopsmummy
7 July 2009

Loan approval times (Westpac)

Loan approval times (Westpac)

Took us about 6-7 weeks for unconditional approval with westpac for our land- ie, after valuations and everything - but that was earlier this year when things were a bit…

17
2557
coopsmummy
Jul 07, 2009 4:45 pm
coopsmummy
da68za
da68za
9 July 2009

beautiful comfortable and fashionable timberland,gucci shoes

beautiful comfortable and fashionable timberland,gucci shoes

Mate your a clown and wasting your time if you think you are going to even get one sale from your spamming ::lol:: ::lol:: ::lol:: ::lol:: ::lol:: ::lol:: ::lol:: ::lol:: ::lol:: ::lol::

0
307
da68za
Jul 09, 2009 1:47 pm
da68za
Yiima
Yiima
10 July 2009

So frustrated of waiting home loan, what's my option??

So frustrated of waiting home loan, what's my option??

Now as its all done, recommend and hope you are on variable rate.. If thats the case, live it through for some time and then in 9-10 months shop…

14
1018
Yiima
Jul 10, 2009 9:13 am
JNN
JNN
10 July 2009

Need advice on home loan

Need advice on home loan

He noted that my only options right now is get enough for 80% loan and forget LMI or pay out current loan and move bank. Both sounds like a dead end.

8
445
JNN
Jul 10, 2009 4:20 pm
mickeytg
mickeytg
10 July 2009

Debt Consolidation - When can we?

Debt Consolidation - When can we?

Thanks Thlo, appreciate everyone's contribution. Great site by the way.

18
666
mickeytg
Jul 10, 2009 6:42 pm
Tornado_ALIVE
Tornado_ALIVE
12 July 2009

How to know what loan u can afford, what interest rate?

How to know what loan u can afford, what interest rate?

We are going full variable and budget of 10%. We will pay our loan right from the start based of a 10% rate, building a bit of a buffer. Touch wood, I don't think we…

9
534
Tornado_ALIVE
Jul 12, 2009 9:23 pm
Tornado_ALIVE
ThatGirlCal
ThatGirlCal
14 July 2009

Deposit Questions

Deposit Questions

Sorry I can't answer your question about LMI but I just wanted to make sure that you are aware that PD will sting you at least $2000 per month, once…

4
349
ThatGirlCal
Jul 14, 2009 1:23 pm
ThatGirlCal
Nott
Nott
15 July 2009

Do u need paying progressive payment fee?

Do u need paying progressive payment fee?

Hi, Do u need to pay progressive payment fee? I'm with Ban. W, and when I join, I was suggested the lite plus package ( Annual fee $360, no application fee). Now, 1 yr…

0
203
Nott
Jul 15, 2009 11:28 am
Nott
thlo
thlo
15 July 2009

Finance for purchase of house

Finance for purchase of house

Your 10% equity in the land IS GENUINE SAVINGS! Unfortunately, there are a lot of people (including credit assessor of a bank :roll: which had to be corrected by a mere…

3
261
thlo
Jul 15, 2009 2:35 pm
thlo
digamma
digamma
16 July 2009

Article re mum & dad guarantors for home loans

Article re mum & dad guarantors for home loans

We initially asked both of our parents if they would go guarantor on our loan and both were "disinclined to acquiesce to our request". However, coz I messed up when…

4
450
digamma
Jul 16, 2009 9:26 pm
digamma
thlo
thlo
20 July 2009

FHOG and investment Home loans

FHOG and investment Home loans

I am more worried about you losing your consumer rights under the Uniform Consumer Credit Code by ending up with an investment loan.

6
357
thlo
Jul 20, 2009 10:12 pm
thlo
thlo
thlo
22 July 2009

Low Doc 20% deposit using First Home owners Grant ?

Low Doc 20% deposit using First Home owners Grant ?

Was any of the work you did before you started your own business done as sub-contractor? As elastic said, you also need to have funds for stamp duty as well as 20%…

4
312
thlo
Jul 22, 2009 2:08 am
thlo
paul.jason
paul.jason
22 July 2009

Dingbat of a Mortgage Broker

Dingbat of a Mortgage Broker

We're about to compose a "goodbye" email to our broker...just looking for some help with the wording if we may. We want to say 'no thanks' without being offensive, but…

17
672
paul.jason
Jul 22, 2009 9:31 pm
paul.jason
Allan Faint
Allan Faint
23 July 2009

OB loan question

OB loan question

best you will get is 80% generaly 60%. Try a local building society or credit union smoetimes they will consider.

5
366
Allan Faint
Jul 23, 2009 3:42 pm
Allan Faint
Robenna
Robenna
26 July 2009

Banks! Valuations

Banks! Valuations

Yes they do have everything. We have signed out contracts and everything. They just said they needed to do the valuation, which has almost taken 3 weeks now!

3
377
Robenna
Jul 26, 2009 3:56 pm
alokin
alokin
26 July 2009

Roof Restoration

Roof Restoration

I would simply get a quote (not an estimate) or two. Then you have the price. You can even ask your Estate Agent if he knows someone.

3
228
alokin
Jul 26, 2009 6:55 pm
yvette72
yvette72
27 July 2009

Refinaning a fixed term loan

Refinaning a fixed term loan

My advice would be to stick it out thats what I am doing.we have fixed rate loan 0f 9.20per cent due to finish august next year.about 1 month after we signed rates started…

3
240
yvette72
Jul 27, 2009 7:19 pm
lisanne
lisanne
28 July 2009

BankWest Plenty Valley Phone Number?

BankWest Plenty Valley Phone Number?

Does anyone know the shop phone number for BankWest in Plenty Valley shopping Center South Morang Vic? All I can find is the 13 number for phone…

1
389
lisanne
Jul 28, 2009 1:13 pm
thlo
thlo
29 July 2009

Applying for a Homeloan during the Global Financial Crisis..

Applying for a Homeloan during the Global Financial Crisis..

He did'nt mention a 'solicitors mortage fund' but perhaps it was. One other thing I did'nt understand, he said that using the equity in my…

3
349
thlo
Jul 29, 2009 3:01 pm
thlo
thlo
thlo
31 July 2009

Progress Payments - St George Bank - Processing time?

Progress Payments - St George Bank - Processing time?

Nav, as customers deal directly with the progress payments team I haven't had much to do with this but from the occasional complaint about delays from customers, I gather…

1
750
thlo
Jul 31, 2009 10:45 pm
thlo
Moodyfish
Moodyfish
3 August 2009

Loan application approved! :-)

Loan application approved! :-)
1, 2, 3, 4

Congrats Kev!! Our construction loan has been applied for but since our land hasnt been released, they dont seem to be in a rush to process it.

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2754
Moodyfish
Aug 03, 2009 11:22 pm
Moodyfish
lisanne
lisanne
9 August 2009

Loan settlement with Westpac

Loan settlement with Westpac

Hi, If they know settlement is going to be on that date they should be ready for it! I worked in the bank for ten years, they should be…

2
416
lisanne
Aug 09, 2009 1:02 pm
Annietom
Annietom
10 August 2009

Removal of Caveat

Removal of Caveat

christos I would leave settlement to the new date. Your conveyancor would advise gadens.

1
289
Annietom
Aug 10, 2009 7:40 pm
Annietom
at
at
13 August 2009

How can I avoid using a mortgage broker?

How can I avoid using a mortgage broker?

we are using a broker and couldnt be happier. Our broker came highly recommended, and he used to work for one of the big banks for many many years so i feel secure in his…

12
564
at
Aug 13, 2009 2:37 pm
ritab25
ritab25
14 August 2009

delayed titles

delayed titles

We bought a block of land in a new development. Signed land contracts in Feb with an expected titling date of June. We signed building contracts on July 1st. Loan has been…

0
184
ritab25
Aug 14, 2009 11:32 am
thlo
thlo
14 August 2009

1st Home Owners Grant

1st Home Owners Grant
1, 2, 3

Am I correct in assuming that if we follow all guidelines and requirements and go for the FHOB through an approved agent, then we get to keep the…

44
5418
thlo
Aug 14, 2009 4:26 pm
thlo
jodge
jodge
14 August 2009

LMI calculation problem. . . mortgage advisors please help!

LMI calculation problem. . . mortgage advisors please help!

I think that's a big problem thlo. . . LMI rates aren't available to the average Jo-Blow. . . How are we supposed to shop around to get the best deal in a mortgage when…

2
1198
jodge
Aug 14, 2009 5:54 pm
jodge
Posnow
Posnow
15 August 2009

CBA valuation on land came in 5k short

CBA valuation on land came in 5k short
1 ... 4, 5, 6

Hi Williams Landing neighbours! I have a question regarding your soil tests and slab types. I'm in De Havilland (Stage 1) and getting ready to build, and I'm told I need…

109
3965
Posnow
Aug 15, 2009 11:56 pm
A&B Financial
A&B Financial
17 August 2009

New home buyers should allow for higher rates

New home buyers should allow for higher rates

It's always a good idea to allow for higher interest rates within the future. You may be able to afford to make the repayments on the lower interest rates at the present…

4
487
A&B Financial
Aug 17, 2009 12:32 pm


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