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Last Post
Geelendon
Geelendon
8 April 2009

Lenders Mortgage Insurance. Argh!

Lenders Mortgage Insurance. Argh!

I see. So even though it would be ideal to get my loan for more money (rather than less, just to be extra covered for all post construction expenses), it may be smarted…

3
325
Geelendon
Apr 08, 2009 2:51 pm
Geelendon
jessica
jessica
8 April 2009

Tips for first home buyers

Tips for first home buyers

Thanks jb_money. Useful advise!

1
339
jessica
Apr 08, 2009 11:53 pm
yvette72
yvette72
9 April 2009

Final cost of house less than approved loan

Final cost of house less than approved loan

yes to can go with two other way listed above but in my case the bank didnot want to do this to much paperwork for them as it was only about $7,000.

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604
yvette72
Apr 09, 2009 8:26 pm
fully
fully
10 April 2009

Valuation Tarneit Gardens

Valuation Tarneit Gardens

well i havent heard anything, maybe tuesday, its going to be a long easter break and for all the wrong reasons.lol Happy Easter everyone ::smile::

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1634
fully
Apr 10, 2009 3:37 am
jb_money
jb_money
13 April 2009

Do you think I have anything to worry about?

Do you think I have anything to worry about?

St George has a policy that if they believe you have intentionally deceived them on the application then they will decline your loan regardless. I doubt very much that…

7
427
jb_money
Apr 13, 2009 6:25 pm
3
459
jhome
Apr 13, 2009 6:43 pm
aimes
aimes
13 April 2009

Loan Repayments Freeze for those made redundant

Loan Repayments Freeze for those made redundant

Although this initiative sounds like they are trying to be nice to home buyers I think they have a duty to offer this security as they are encouraging us to buy homes now…

7
493
aimes
Apr 13, 2009 11:41 pm
jessica
jessica
14 April 2009

Process & time after unconditional approval to settlement ?

Process & time after unconditional approval to settlement ?

Thanks bawatkins ! Does anyone know once we sign the papers and send back to CBA, whats the next steps and how long before a settlement can be arranged? Is the settlement…

2
323
jessica
Apr 14, 2009 4:28 pm
hunts01
hunts01
14 April 2009

Owner Buider home loans

Owner Buider home loans
1, 2

No worries, another thing we only needed to borrow 80% just because we wanted to stay under the limit for mortgage insurance, however and I may be wrong they would lend…

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1828
hunts01
Apr 14, 2009 9:52 pm
Hellman109
Hellman109
15 April 2009

FHOG payment not passed on by bank

FHOG payment not passed on by bank

Check your form and if you put in the offset account get them to backdate its interest offset... They had the money afterall, it was just in their account not…

2
265
Hellman109
Apr 15, 2009 11:53 am
thlo
thlo
15 April 2009

Effect of credit cards on finance applications

Effect of credit cards on finance applications

I was told by my lender that if you have a $5000 limit then they need to consider what your repayments will be if you max it out. I had a store…

4
278
thlo
Apr 15, 2009 7:27 pm
thlo
thlo
thlo
15 April 2009

Can I use my FHOG for my deposit?

Can I use my FHOG for my deposit?

I still have customers applying with the intention of buying before June 30. There is plenty of time if you are buying established property. Pre approval takes about 3…

5
282
thlo
Apr 15, 2009 10:38 pm
thlo
thlo
thlo
16 April 2009

20% 4 Mortgage Insurance-an impact of the finanical crisis!

20% 4 Mortgage Insurance-an impact of the finanical crisis!

On the RAMS issue, I think you are aware 100% loans have been discontinued. Did your lending…

13
771
thlo
Apr 16, 2009 1:03 pm
thlo
piscean
piscean
16 April 2009

Insurance price jump?

Insurance price jump?

but lisanne you'll notice in my post i said the chances of people living in the cities or suburbs having their house burn down is slim. I'm well…

17
439
piscean
Apr 16, 2009 4:47 pm
mattwalker
mattwalker
16 April 2009

R*ams as financier/lender - are they any good?

R*ams as financier/lender - are they any good?

Use Google to search for "R*MS Home Loan Reviews". Read through the posts by actual customers. Posting my own personal experience with this…

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465
mattwalker
Apr 16, 2009 9:35 pm
mattwalker
thlo
thlo
16 April 2009

Why won't they lend us more money :((((

Why won't they lend us more money :((((

It's sounding like an owner builder loan. 80% max sounds about right for that.

5
524
thlo
Apr 16, 2009 9:55 pm
thlo
Hellman109
Hellman109
21 April 2009

Subject to finance?

Subject to finance?

As long as you know the conditions I dont see any problems. IE, you only get a shot if their finance falls though, and you know that.

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279
Hellman109
Apr 21, 2009 11:11 pm
sveta
sveta
22 April 2009

Investec Bank

Investec Bank

Does anyone have a home loan with Investec Bank? R they good?

0
123
sveta
Apr 22, 2009 2:06 am
thlo
thlo
22 April 2009

Stamp duty

Stamp duty

Hi, I am new to this whole process and not finding my mortgage brokers voice mail handy! We are currently just about to pay our initial deposit…

2
227
thlo
Apr 22, 2009 3:06 am
thlo
thlo
thlo
22 April 2009

Which Lender for Construction Loan?

Which Lender for Construction Loan?
1, 2, 3, 4, 5

I heard from a reliable bank source that one of the last major banks to have 5% deposit home loans (up to 97% LVR including mortgage insurance) will stop offering this…

93
5678
thlo
Apr 22, 2009 3:33 am
thlo
purpleninja
purpleninja
22 April 2009

WBC lifts fixed interest rates

WBC lifts fixed interest rates

But the greater market share that banks now have, combined with the volume of loans coming through now and the stricter lending guidelines have been key to them changing…

8
323
purpleninja
Apr 22, 2009 8:54 am
purpleninja
purpleninja
22 April 2009

Mortgage Broker fees

Mortgage Broker fees

Have a look at this thread : viewtopic.php?f=9&t=11866 It is discussing why it is worth considering using a mortgage broker

4
278
purpleninja
Apr 22, 2009 8:57 am
erinleigh
erinleigh
22 April 2009

We have papers

We have papers

Happy Birthday Amy! And congratulations Jaytyn1! How very exciting. :D

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310
erinleigh
Apr 22, 2009 1:15 pm
erinleigh
thlo
thlo
22 April 2009

more CBA news

more CBA news
1, 2, 3

Rex, I am really curious where you get your lending criteria information from. Aren't you a borrower?

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thlo
Apr 22, 2009 6:29 pm
thlo
14
574
thlo
Apr 22, 2009 7:16 pm
thlo
thlo
thlo
23 April 2009

Applying for Construction Loan - apply to more than 1?

Applying for Construction Loan - apply to more than 1?

So..... that said how far back does my credit file go back? I was dodgy and late with some of my credit card payments about 7 years ago (was…

11
476
thlo
Apr 23, 2009 2:17 am
thlo
Ari
Ari
23 April 2009

Miss out on FHOG due to parter

Miss out on FHOG due to parter

Just a comment, on the first home owners grant form (atleast for nsw), even if your partner/spouse has no involvement in the property, when you apply…

15
490
Ari
Apr 23, 2009 8:17 pm
smallOne
smallOne
24 April 2009

Contacting Colonial home loan?

Contacting Colonial home loan?

::wornout:: *phew*. I finally managed to talk to a real person at the other end using 132407. And the operator has given me another direct number to call, bless her. She said "I'll…

4
451
smallOne
Apr 24, 2009 1:37 pm
lisanne
lisanne
24 April 2009

Please have a look at our situation and give us some advice

Please have a look at our situation and give us some advice

If you are paying $300 p/w in rent and can only manage to save $100 p/w then honestly, I don't like your chances of being able to personally afford the mortgage you…

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610
lisanne
Apr 24, 2009 4:40 pm
3
329
thlo
Apr 24, 2009 4:49 pm
thlo
jaytyn1
jaytyn1
24 April 2009

Unconditional approval questions

Unconditional approval questions

Hi All I was given verbal unconditional approval a few days ago. (R*MS home loans) My questions are: 1) How long does it take to receive the papers? 2) I have Veda…

0
229
jaytyn1
Apr 24, 2009 11:12 pm
ritab25
ritab25
25 April 2009

bank/deposit question

bank/deposit question

Thanks for the reply and the welcome. Ive just come across this forum and have got some great ideas and info so far. I probably wasn't clear enough in my original…

2
312
ritab25
Apr 25, 2009 8:59 pm
craigandamy
craigandamy
26 April 2009

My woes with nab

My woes with nab

We originally went through NAB and were 2 weeks from settlement when we had a phone call from the bank manager that our loan had been declined due to a policy…

20
658
craigandamy
Apr 26, 2009 7:20 pm
alk
alk
27 April 2009

Time to Fix Mortgage Interest Rate - Yay or Nay ?

Time to Fix Mortgage Interest Rate - Yay or Nay ?

Sorry but I honestly I think you'd be "cuddling cactuses" to fix now... Go here http://westpac.com.au/manage/wrap.nsf/v ... penElement See page 09 - look at Cash rate…

11
818
alk
Apr 27, 2009 9:43 pm
alk
thlo
thlo
28 April 2009

the bank requires original title of land

the bank requires original title of land

Re the discharge question, you can get your title back, WITH the original mortgage document, and the discharge of mortgage document too, then simply…

20
896
thlo
Apr 28, 2009 2:34 am
thlo
Dale
Dale
28 April 2009

Mortgage protection changes announced by Government

Mortgage protection changes announced by Government

Here is another article on the topic: http://www.theage.com.au/national/gover ... =text-only Government moves to punish dodgy lending Date: April 28 2009 Peter Martin…

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268
Dale
Apr 28, 2009 3:39 pm
Dragonfly
Dragonfly
28 April 2009

What would you do?

What would you do?

I agree that refinancing your home may not be worth it (in interest savings) because of the amount of money (ie. $10,000) you need to raise to…

6
370
Dragonfly
Apr 28, 2009 10:30 pm
Hellman109
Hellman109
29 April 2009

Pre-approval on contract appointment

Pre-approval on contract appointment

Yeah we signed the contract before having pre-approval and just made sure both had subject to finance, and had the builder show us both of these clauses.

2
210
Hellman109
Apr 29, 2009 10:31 am
Annietom
Annietom
30 April 2009

Loan for Vacant Land - LVR? Maximum Terms?

Loan for Vacant Land - LVR? Maximum Terms?

hey zero, I think it depends on the bank. Generally 90% LVR and over whatever term you can afford to repay it within. Annie

1
312
Annietom
Apr 30, 2009 1:00 am
Annietom
Annietom
Annietom
30 April 2009

Credit Card 2.9% pa; homeloan variable 4.9%pa, dilemma!

Credit Card 2.9% pa; homeloan variable 4.9%pa, dilemma!

I did a quick calculation, and by putting it on the card (2.9%) as opposed to home loan (4.9%) you will save a total maximum of $280. Perhaps it is worth it, and check…

4
439
Annietom
Apr 30, 2009 1:07 am
Annietom
Annietom
Annietom
30 April 2009

Loan Approved

Loan Approved

gawd "relief" is the word isn't it! excellent Annie

6
303
Annietom
Apr 30, 2009 10:10 pm
Annietom
SICDEE
SICDEE
1 May 2009

Conditional Approval Construction Loan Time Limits??

Conditional Approval Construction Loan Time Limits??

Thank you for that information. Also we were asking if any one knew if conditional approvals from st george or any other lender for that fact will require land to be…

2
326
SICDEE
May 01, 2009 2:51 pm
yvette72
yvette72
1 May 2009

What happens @ handover-does the bank do another valuation??

What happens @ handover-does the bank do another valuation??

for us the bank just check everthing that was on the contract was in the house of course this could be different from bank to bank

1
277
yvette72
May 01, 2009 7:58 pm
igotnosmoke
igotnosmoke
4 May 2009

finance whilst changing jobs

finance whilst changing jobs

Hi guys, I have had finance approved and am just about to sign a contract with Burbank homes for a single storey house valued at 190k.. but am also looking to go back…

0
204
igotnosmoke
May 04, 2009 3:44 pm
zoe's mama
zoe's mama
7 May 2009

Financing Knockdown Rebuild: not all banks the same

Financing Knockdown Rebuild: not all banks the same

Your tender is the pre-contract list of everything the builder is going to do for you. Some builders go straight to a contract (ours did) whereas…

5
2633
zoe's mama
May 07, 2009 1:00 pm
digamma
digamma
7 May 2009

I think I screwed up on the maths.

I think I screwed up on the maths.

Thanks all for the comments and congratulations. We got he final figure today: 170k for house and $212 342 for house. Base price of the house is $205k and we put in some…

6
501
digamma
May 07, 2009 8:01 pm
digamma
Hellman109
Hellman109
9 May 2009

First Homeowner Grant in Vic

First Homeowner Grant in Vic

He wont nuke it all, Worst case scenario is that he doesnt continue the BOOST, which will put down federal FHOG to $7k. Plus the now larget vic one.

1
406
Hellman109
May 09, 2009 4:13 pm


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