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Home Finance
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Last Post
thlo
thlo
12 May 2009

Line of Credit to Pay Mortgage

Line of Credit to Pay Mortgage

Hi Guys I was just wondering if anyone has tried paying their mortgage off using the "Line of Credit" method. We have been advised to do this…

16
661
thlo
May 12, 2009 5:50 pm
thlo
wonderland
wonderland
13 May 2009

Offset Stamp Duty with FHOG

Offset Stamp Duty with FHOG

I also dont really understand what the question is :? But stamp duty is only payable on land. So if you buy land, then build on it, you are only charged stamp duty on the…

3
267
wonderland
May 13, 2009 1:15 am
wonderland
Helyn
Helyn
14 May 2009

FHOG for deposit.

FHOG for deposit.

Good luck with your housebuild, Green Nooby :D Can you post a plan of the house you are intending to build? Yes, I have heard of Sarah Homes - we had a transportable…

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1360
Helyn
May 14, 2009 10:30 am
Helyn
ChrisL
ChrisL
16 May 2009

Information required by bank when building

Information required by bank when building

Just ask your builder for a "bank pack". Also ask him when (as in what stage of the building process). Chris

3
278
ChrisL
May 16, 2009 5:19 pm
bill-m
bill-m
17 May 2009

Bridging loan

Bridging loan

Bridging can be risky business. If the old home doesn't sell within anticipated time frames thing will get ugly. Waiting until you sell is the safest option.

5
320
bill-m
May 17, 2009 1:26 am
thlo
thlo
19 May 2009

CHARGE FOR BANK BOND/GUARANTEE?

CHARGE FOR BANK BOND/GUARANTEE?

I am surprised the reason for the Deposit Bond and the associated fee was not explained to you. As kyton said, deposit bond is a surety product. You can expect to pay a…

2
250
thlo
May 19, 2009 7:47 pm
thlo
thlo
thlo
19 May 2009

bloody bank

bloody bank
1, 2

Thanks for pointing out this thread thlo, interesting reading. From my enquiries with Homestart, their construction loan allows 9 months…

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thlo
May 19, 2009 8:14 pm
thlo
ginz88
ginz88
21 May 2009

No-Deposit Home Loans?

No-Deposit Home Loans?
1, 2, 3

Thanks everyone for the replies and suggestions. Yes, my mum and dad will be living with me and also my girlfriend. Gather all the information you guys/girls gave me, i…

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1804
ginz88
May 21, 2009 10:41 pm
meldives
meldives
22 May 2009

FTB considering moving back to AUS - advice needed

FTB considering moving back to AUS - advice needed

Speaking of Ireland, I heard Dell is pulling its investment out of Ireland and going to cheaper Poland (until an even cheaper alternative comes…

5
311
meldives
May 22, 2009 6:07 am
btherl
btherl
23 May 2009

FHOG as part of the house deposit

FHOG as part of the house deposit

The victorian government says: "In limited circumstances the Commissioner may approve an extension to the commencement and completion date where the delay was outside the…

3
425
btherl
May 23, 2009 12:42 pm
btherl
alinpete
alinpete
23 May 2009

Buying a house from Family

Buying a house from Family

Thanks for all the advice. I think that we shouldnt have too many problems as we will not be paying much under market value (if anything), we are first homebuyers so we…

5
704
alinpete
May 23, 2009 6:22 pm
novotel
novotel
25 May 2009

Land Contract or Building Contract for FHOG dates? or both?

Land Contract or Building Contract for FHOG dates? or both?

sounds good! Thank you. This makes me stress less at least *knock wood*. :z:

3
735
novotel
May 25, 2009 2:21 pm
ChrisL
ChrisL
25 May 2009

What happens at Settlement?

What happens at Settlement?

Bit of an anti-climax. I was anxious/curious over nothing :oops: Bank just confirmed that they'll pay their amount tomorrow and asked me when I like to make the first…

4
434
ChrisL
May 25, 2009 8:49 pm
Helyn
Helyn
26 May 2009

Fixed rate on Construction Loan

Fixed rate on Construction Loan

We had standard variable rate during construction( interest only but optional to pay extra off principal) and no choice to have it fixed - after settlement of house, loan…

7
846
Helyn
May 26, 2009 1:45 pm
Helyn
thlo
thlo
27 May 2009

Want to sell a home that has a portion of loan at fixed rate

Want to sell a home that has a portion of loan at fixed rate

Hi All, I am exploring the idea of selling my current home and moving to a bigger place as I am getting a decent premium for it. The only hitch…

2
218
thlo
May 27, 2009 5:34 pm
thlo
jb_money
jb_money
27 May 2009

Annoyed with Bank...no biggie but it's the principle!

Annoyed with Bank...no biggie but it's the principle!

HSBC here in singapore is a bit like that. We get about 5 mails from them monthly, and it's not like we do much with the account. If we transfer…

4
372
jb_money
May 28, 2009 12:09 am
Moodyfish
Moodyfish
27 May 2009

Multiple Brokers

Multiple Brokers

ok...thanx for the info :)

2
219
Moodyfish
May 28, 2009 12:10 am
Moodyfish
thlo
thlo
28 May 2009

Thlo, need your advice on land & building loans

Thlo, need your advice on land & building loans

one lender is requiring proof of genuine savings if you are applying for a purchase loan even if you only need a $50,000…

10
627
thlo
May 28, 2009 1:59 am
thlo
btherl
btherl
28 May 2009

Builders deposit?

Builders deposit?

I paid $1k and my contract is due to be ready tomorrow. This is with a large volume builder. They have done soil test and site survey. I'm also buying land from them,…

10
802
btherl
May 28, 2009 8:43 pm
btherl
shiftyphil
shiftyphil
29 May 2009

Consolidating

Consolidating

Definitely roll them into your home loan if you can - but increase your loan repayments with some of the cash it frees up.

3
227
shiftyphil
May 29, 2009 2:12 pm
sveta
sveta
29 May 2009

can i use home loan to pay off car loan

can i use home loan to pay off car loan

thanx guys..i hadnt thought of that angle. I am soo happy that i found this site about a month ago. it is a must for ppl who are building a house for the first time!!!

3
365
sveta
May 29, 2009 11:07 pm
freebo
freebo
1 June 2009

Rates going up tomorrow

Rates going up tomorrow

This is a very interesting thread, I'm looking at locking in my home loan at the moment and really unsure if the rates will drop or go up but either way it looks like the…

14
596
freebo
Jun 01, 2009 2:39 pm
thlo
thlo
2 June 2009

Home Loan & Interest Rates - to fix or not??

Home Loan & Interest Rates - to fix or not??
1, 2, 3

This is another great thread... riffa you have some excellent points, we are really unsure weather to fix it in or not.. it seems the banks keep…

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3267
thlo
Jun 02, 2009 5:04 pm
thlo
thlo
thlo
2 June 2009

Home Loan Fees I was never told would be charged :S

Home Loan Fees I was never told would be charged :S

Yes, it sounds like a really nice lender to reimburse standard fees.

8
892
thlo
Jun 02, 2009 5:18 pm
thlo
blacklamb
blacklamb
2 June 2009

Finance questions

Finance questions

I've just bought an apartment off the plan and didn't have 10% either as I am using the FHOG. In my case the vendor agreed to accept a deposit bond for 10% and I paid a…

1
326
blacklamb
Jun 02, 2009 5:29 pm
thlo
thlo
2 June 2009

Deposit Question...

Deposit Question...

Unless of course you are in NSW and a FHB and…

10
670
thlo
Jun 02, 2009 5:32 pm
thlo
thlo
thlo
3 June 2009

Interest Rates CUT 1% Again?- 0.75% Cut in Rates

Interest Rates CUT 1% Again?- 0.75% Cut in Rates
1 ... 8, 9, 10

Well sort of, I've been in and out of hospital this week with my sick son so I haven't been able to keep up with the…

190
9107
thlo
Jun 03, 2009 1:23 am
thlo
btherl
btherl
3 June 2009

Silly Ques? -Can u make mortgage repayments w/ credit card?

Silly Ques? -Can u make mortgage repayments w/ credit card?

Over here in Singapore they have an investment house that lets you purchase unit trusts with credit cards. Strangest thing I've heard of. You can also pay most bills…

6
535
btherl
Jun 03, 2009 2:16 am
btherl
thlo
thlo
10 June 2009

Wizard & GE Home Loan Customers

Wizard & GE Home Loan Customers

Thanks for your reply. That's…

14
1197
thlo
Jun 10, 2009 3:57 pm
thlo
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
373
pinkfairymagic
Jun 10, 2009 11:31 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
410
lynnebin1968
Jun 11, 2009 12:49 am
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.

22
782
thlo
Jun 16, 2009 5:21 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
784
yvette72
Jun 17, 2009 12:01 pm
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
1104
jodge
Jun 17, 2009 12:47 pm
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
483
thlo
Jun 17, 2009 2:11 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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3054
thlo
Jun 17, 2009 2:22 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
408
niko
Jun 18, 2009 9:12 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
507
fxaud
Jun 22, 2009 10:54 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
406
jodge
Jun 25, 2009 4:36 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
2603
Helyn
Jun 25, 2009 9:51 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
626
Robanna
Jun 26, 2009 11:03 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
249
Helyn
Jun 27, 2009 2:11 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
1224
Sparky0118
Jun 29, 2009 8:17 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
384
thlo
Jun 30, 2009 2:01 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
547
Moodyfish
Jul 03, 2009 1:00 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
435
waiting wishing
Jul 06, 2009 12:59 am
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
2772
coopsmummy
Jul 07, 2009 5:45 pm
coopsmummy


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