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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
359
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
313
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
726
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
458
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
388
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
233
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
405
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
363
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
802
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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2850
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
428
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
300
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
591
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
201
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
5514
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
1337
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
4242
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
508
A&B Financial
Aug 17, 2009 12:32 pm
Lakie
Lakie
17 August 2009

Buying Land now?

Buying Land now?

Thanks for the advice all, is very much appreciated :)

6
519
Lakie
Aug 17, 2009 5:09 pm
Miss-Build-A-Lot
Miss-Build-A-Lot
20 August 2009

Putting in an offer before Auction

Putting in an offer before Auction

Thanks very much for your responses! After much careful consideration, we have decided not pursure this property as it is a little bit too much risk for us at this point…

4
452
Miss-Build-A-Lot
Aug 20, 2009 11:11 am
Miss-Build-A-Lot
AWR
AWR
20 August 2009

Section 27

Section 27

I'm going to take this 1 step further. I sold at Auction. Because I am looking to buy, a Section 27 was served to the purchaser. Why would a purchaser NOT sign it? I…

2
1082
AWR
Aug 20, 2009 1:38 pm
OMG
OMG
20 August 2009

Finance Brokers Using Forums

Finance Brokers Using Forums

I am not a broker but I did meet my current broker through an investment property forum. This broker is much more experienced than my previous broker (who I was referred…

1
383
OMG
Aug 20, 2009 11:34 pm
thlo
thlo
21 August 2009

Newbie deposit question

Newbie deposit question

Eric, be careful when thanking me. :lol: elastic doesn't like…

10
637
thlo
Aug 21, 2009 1:13 pm
thlo
thlo
thlo
21 August 2009

How Much Deposit for Your Home Loan?

How Much Deposit for Your Home Loan?
1 ... 5, 6, 7

That was very prudent! And you were lucky. :)

121
5477
thlo
Aug 21, 2009 1:30 pm
thlo
Ozman
Ozman
23 August 2009

Collusion among the Banks to provide low valuations

Collusion among the Banks to provide low valuations
1, 2

berny - The biggest challenge for newly developed areas in Sydney is that there is little or no sales data for valuers to use. As such, they compare to adjacent areas…

30
1311
Ozman
Aug 23, 2009 11:34 am
lozza81
lozza81
24 August 2009

Is this too risky??

Is this too risky??

WELL.....the loan was all approved last friday. AND thank goodness the risk we took paid off!! Value of dual occupancy came in at exactly $300K (what we paid at auction)…

11
1105
lozza81
Aug 24, 2009 8:55 pm
aLLaNNa1
aLLaNNa1
25 August 2009

Conditional Pre-approvals - have you been honoured?

Conditional Pre-approvals - have you been honoured?

Im going to apply for pre-approval soon. I think its valid for 3 months only. If I dont manage to purchase a property within this time frame, can I apply for pre-approval…

5
525
aLLaNNa1
Aug 25, 2009 5:57 pm
Sharksta
Sharksta
26 August 2009

debt

debt

It probably depends a bit on the company. They will usually assess your situation & consider the options best for yourself. These could include:- 1. Debt…

2
445
Sharksta
Aug 26, 2009 9:57 am
ibfragalot99
ibfragalot99
26 August 2009

Land contract - Subject to Finance clause - What $ to put?

Land contract - Subject to Finance clause - What $ to put?

Yep, unconditional for the land now and conditional for the house. You were right, the land guys got back to me and its fine. Yay :)

2
356
ibfragalot99
Aug 26, 2009 12:47 pm
ibfragalot99
aLLaNNa1
aLLaNNa1
28 August 2009

stamp duty and land tax

stamp duty and land tax

ah....i didnt know that. i've budgeted for a large stamp duty based on the total land + house, as per what i paid when i purchased my established house a few years back.…

5
2415
aLLaNNa1
Aug 28, 2009 11:19 am
craigandamy
craigandamy
1 September 2009

CBA progress payment processing time?

CBA progress payment processing time?

we are up to our 3rd invoice and this one only took 4 days to be paid.... the first 2 however took 3 weeks and were paid at the same time...

10
1573
craigandamy
Sep 01, 2009 2:32 pm
thlo
thlo
1 September 2009

Land & Construction Settlement at the same time + FHOG

Land & Construction Settlement at the same time + FHOG

Thank you thlo I just phoned Revenue SA and they have advised me that it is approved, but the bank I am going through hasn't put in the…

7
1163
thlo
Sep 01, 2009 9:36 pm
thlo
thlo
thlo
2 September 2009

Approval Drama's with Banks????? Anyone else????

Approval Drama's with Banks????? Anyone else????
1, 2, 3

lexirm, which bank said they approved it but LMI declined it?

52
2285
thlo
Sep 02, 2009 5:16 pm
thlo
thlo
thlo
3 September 2009

How does someone being a guarantor work

How does someone being a guarantor work

You can find more information about home loan guarantors in these threads viewtopic.php?f=31&t=16965&start=0&hilit=guarantor

4
576
thlo
Sep 03, 2009 9:38 pm
thlo
aLLaNNa1
aLLaNNa1
5 September 2009

Time limit for borrowing the loan amount

Time limit for borrowing the loan amount

can someone please help me....im thinking of selling my house to my brother, at below market value. House value is about $390k. My payout figure for this mortgage is…

6
407
aLLaNNa1
Sep 05, 2009 12:07 am
brendondanielle
brendondanielle
6 September 2009

Proof of your ability to pay?

Proof of your ability to pay?

My FIL had to get letter from the bank to say he has the funds. We are in Victoria.

14
758
brendondanielle
Sep 06, 2009 5:33 pm
qwerty
qwerty
7 September 2009

Craigieburn New Home

Craigieburn New Home

Hi Everyone, Am purchasing Land in Craigiebun ! A bit concerned about the following and would like to know others experieces. What is the ROCK removal cost ? How much…

0
231
qwerty
Sep 07, 2009 10:46 am
Innovator
Innovator
9 September 2009

Finance advice needed - REF, Offset

Finance advice needed - REF, Offset

In relation to you wanting to pay the broker, I would offer you this to think about. If he / she was doing there job correctly in the first place, they would have asked…

4
1146
Innovator
Sep 09, 2009 1:36 am
jbdave
jbdave
9 September 2009

Question about constructing on land owned by a third party

Question about constructing on land owned by a third party

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…

1
258
jbdave
Sep 09, 2009 5:03 pm
thlo
thlo
9 September 2009

Home loan with Commonwealth Bank

Home loan with Commonwealth Bank

thlo, we expect to be signing the contracts for a new property tomorrow. We already have pre-approval. My husband is going overseas on Sunday for…

19
4635
thlo
Sep 09, 2009 11:56 pm
thlo
ECOECO
ECOECO
10 September 2009

Homeside Stuffup

Homeside Stuffup

Everywhere... but (supposedly) only…

10
663
ECOECO
Sep 10, 2009 7:24 pm
ECOECO
thlo
thlo
12 September 2009

Credit card debt affects borrowing capacity?

Credit card debt affects borrowing capacity?
1, 2, 3

I agree you don't have to be old to think in this way; ie. spend only what you have, but there are too many temptations to spend what you don't have.

41
1745
thlo
Sep 12, 2009 12:14 am
thlo
Hoffies
Hoffies
13 September 2009

Mortgage Protection Insurance Vs Income Protection Insurance

Mortgage Protection Insurance Vs Income Protection Insurance

We have income protection/trauma/death/partial or permenent disability insurance and I think it's great. Our financial advisor set this up…

14
2914
Hoffies
Sep 13, 2009 7:41 am
travelbug
travelbug
13 September 2009

Qantas Credit Union

Qantas Credit Union

Hi, what is the rate? Is this for a PPOR or and investment? Hubby works for them. I didn't even think about them. thanks.

4
555
travelbug
Sep 13, 2009 8:48 am
thlo
thlo
13 September 2009

LMI for westpac

LMI for westpac

This is a trade secret. Can't say. ::wink:: But the answer was No when I was last dealing with Westpac (a few months ago).

1
264
thlo
Sep 13, 2009 1:25 pm
thlo

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