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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…

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782
thlo
Apr 16, 2009 12:03 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…

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480
piscean
Apr 16, 2009 3:47 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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479
mattwalker
Apr 16, 2009 8:35 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.

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528
thlo
Apr 16, 2009 8:55 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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Hellman109
Apr 21, 2009 10:11 pm
sveta
sveta
22 April 2009

Investec Bank

Investec Bank

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

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sveta
Apr 22, 2009 1:06 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…

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thlo
Apr 22, 2009 2:06 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…

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thlo
Apr 22, 2009 2:33 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…

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331
purpleninja
Apr 22, 2009 7:54 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

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purpleninja
Apr 22, 2009 7:57 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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erinleigh
Apr 22, 2009 12:15 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 5:29 pm
thlo
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578
thlo
Apr 22, 2009 6:16 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
479
thlo
Apr 23, 2009 1:17 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…

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496
Ari
Apr 23, 2009 7:17 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…

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473
smallOne
Apr 24, 2009 12:37 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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lisanne
Apr 24, 2009 3:40 pm
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thlo
Apr 24, 2009 3:49 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
242
jaytyn1
Apr 24, 2009 10:12 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…

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ritab25
Apr 25, 2009 7:59 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…

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679
craigandamy
Apr 26, 2009 6:20 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…

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alk
Apr 27, 2009 8:43 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…

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thlo
Apr 28, 2009 1:34 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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286
Dale
Apr 28, 2009 2:39 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…

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379
Dragonfly
Apr 28, 2009 9:30 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.

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Hellman109
Apr 29, 2009 9:31 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

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Annietom
Apr 30, 2009 12:00 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
477
Annietom
Apr 30, 2009 12:07 am
Annietom
Annietom
Annietom
30 April 2009

Loan Approved

Loan Approved

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

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Annietom
Apr 30, 2009 9:10 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…

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336
SICDEE
May 01, 2009 1:51 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

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yvette72
May 01, 2009 6:58 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
213
igotnosmoke
May 04, 2009 2:44 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…

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zoe's mama
May 07, 2009 12:00 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
505
digamma
May 07, 2009 7:01 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.

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Hellman109
May 09, 2009 3:13 pm
CiNnY
CiNnY
11 May 2009

post Easter valuations

post Easter valuations
1 ... 4, 5, 6

That sucks PFM... ours came through not a problem... thank god! ALso in regards to everyones LMI our was only 4k and we borrowed 206k for the house. I paid more LMI buying…

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CiNnY
May 11, 2009 9:05 am
Jochicho
Jochicho
11 May 2009

The tax bonus

The tax bonus
1, 2, 3

Hi D@n, I got my cheque in the mail today, I hope you get yours soon!

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Jochicho
May 11, 2009 8:54 pm
thlo
thlo
12 May 2009

20% Required for Home Loan

20% Required for Home Loan

I want to avoid having to take out Mortgage Insurance. I currently have 32K in the Bank and 47K in Shares so i technically have 20% for a loan…

3
389
thlo
May 12, 2009 12:35 am
thlo
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…

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thlo
May 12, 2009 4:50 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…

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276
wonderland
May 13, 2009 12:15 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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Helyn
May 14, 2009 9:30 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

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ChrisL
May 16, 2009 4:19 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.

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bill-m
May 17, 2009 12:26 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
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thlo
May 19, 2009 6:47 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 7:14 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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ginz88
May 21, 2009 9:41 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…

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321
meldives
May 22, 2009 5:07 am

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