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Last Post
thlo
thlo
1 April 2009

Delays in passing on RBA cuts

Delays in passing on RBA cuts

kumar, you are a bit too cynical but I see what you mean. Do you have a crystal ball? A number or lenders just increased their variable interest rates. BankWest do not…

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763
thlo
Apr 01, 2009 10:44 pm
thlo
thlo
thlo
3 April 2009

CBA Formal Approval & Valuations

CBA Formal Approval & Valuations
1, 2, 3, 4

It looks like your home loan has been around Australia. Why the Brisbane office? Did you use to live there?

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3392
thlo
Apr 03, 2009 2:20 pm
thlo
jb_money
jb_money
4 April 2009

Shared equity or bank loan?

Shared equity or bank loan?

My opinion is that these shared equity schemes don't work for most people as there are other ways to reduce your repayments in the short term such as interest only…

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995
jb_money
Apr 04, 2009 2:25 pm
jb_money
jb_money
4 April 2009

CBA posts: Are Other Lenders Much Faster?

CBA posts: Are Other Lenders Much Faster?

If any of you are concerned about delays then try one of the non-bank lenders or other lenders not affiliated with the major banks. The major banks and their subsidiaries…

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395
jb_money
Apr 04, 2009 2:32 pm
thlo
thlo
5 April 2009

Curious: thlo what deposit % are you seeing for 1st home buy

Curious: thlo what deposit % are you seeing for 1st home buy

Zerosignal, what a difference a few months makes. As a result of major lenders changing deposit requirement rules, most applicants do not have the luxury of deciding…

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thlo
Apr 05, 2009 2:14 am
thlo
jb_money
jb_money
6 April 2009

CBA charges us $330.00 for house valuation.

CBA charges us $330.00 for house valuation.

I've had CBA charge customers for additional valuations, however their standard additional valuation fee is $150 and they charge it at settlement. If I were you I'd call…

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282
jb_money
Apr 06, 2009 12:27 pm
Hels
Hels
6 April 2009

Loan Protection Insurance - Help?

Loan Protection Insurance - Help?

Good to hear that you have found something suitable for your situation :)

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510
Hels
Apr 06, 2009 7:23 pm
Hels
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…

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324
Geelendon
Apr 08, 2009 1:51 pm
Geelendon
jessica
jessica
8 April 2009

Tips for first home buyers

Tips for first home buyers

Thanks jb_money. Useful advise!

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338
jessica
Apr 08, 2009 10:53 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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599
yvette72
Apr 09, 2009 7:26 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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fully
Apr 10, 2009 2:37 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…

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416
jb_money
Apr 13, 2009 5:25 pm
3
446
jhome
Apr 13, 2009 5:43 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
489
aimes
Apr 13, 2009 10:41 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 3:28 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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hunts01
Apr 14, 2009 8:52 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
262
Hellman109
Apr 15, 2009 10:53 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…

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248
thlo
Apr 15, 2009 6:27 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…

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279
thlo
Apr 15, 2009 9:38 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…

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763
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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428
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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462
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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523
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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274
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?

0
120
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…

2
227
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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321
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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278
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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297
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
14
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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
475
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…

15
489
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…

4
445
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
3
329
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
229
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…

2
312
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…

20
653
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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800
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…

2
266
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…

6
369
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.

2
209
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
437
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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303
Annietom
Apr 30, 2009 9:10 pm
Annietom


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