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jb_money
jb_money
24 February 2009

Settlement Delay Due to Westpac...

Settlement Delay Due to Westpac...

If it is entirely Westpac's fault then you should ask your broker to lodge a formal complaint through their Business Development Manager with a breakdown of the amount…

8
1248
jb_money
Feb 24, 2009 4:31 pm
kumar
kumar
25 February 2009

Information about motorgage calculator

Information about motorgage calculator

gracesmith. We have enough SPAM from you already. :evil:

5
794
kumar
Feb 25, 2009 5:15 pm
serge44
serge44
28 February 2009

What timing

What timing

I'll need finance approval for the NHC on 13/3 and settlement of the sale isn't until 1/4 (unconditional is 21/3) the settlement on 3/3 moves the mortgage from one…

2
307
serge44
Feb 28, 2009 9:23 pm
serge44
stevep79
stevep79
2 March 2009

Time between settlement and 1st payment on loan?

Time between settlement and 1st payment on loan?

I;m sure you are looking at a month from settlement date. So ours settled on the 25th, so every 25th of the…

9
2352
stevep79
Mar 02, 2009 3:14 pm
stevep79
pollock
pollock
2 March 2009

credit card rates

credit card rates

Thanks for the replies. I am paying off an amount on my card at this point, so i do pay interest. The card I'm looking at is a new low rate card by Aussie. it has an…

4
437
pollock
Mar 02, 2009 3:19 pm
pollock
MadCow
MadCow
4 March 2009

Transfer of Title to Children subject to Stamp Duty and CGT?

Transfer of Title to Children subject to Stamp Duty and CGT?

Thanks for your information. You have certainly answered it. I have also dug up some info from the lands website and also ATO. MadCow

2
625
MadCow
Mar 04, 2009 2:07 pm
thlo
thlo
5 March 2009

Need more than pre-approval?

Need more than pre-approval?

Not sure if it helps but we are constrained more so by our deposit size rather than our ability to make repayments. You need to work out…

4
404
thlo
Mar 05, 2009 1:54 am
thlo
thlo
thlo
5 March 2009

Loans and Fixed term work contracts

Loans and Fixed term work contracts

Thanks for that, it is so stressful waiting to hear if you are finance pre-approved especially when we already have a block with an offer on it,…

3
611
thlo
Mar 05, 2009 1:57 am
thlo
thlo
thlo
5 March 2009

Conditional or Unconditional Finance, Difference?

Conditional or Unconditional Finance, Difference?

Hi, sorry to hijack your thread, but we've applied with CBA for a home loan, we have conditional approval but I'm trying to find out exactly…

17
4587
thlo
Mar 05, 2009 5:30 pm
thlo
thlo
thlo
9 March 2009

Would you 'fix' now?

Would you 'fix' now?
1, 2

You can fix your home…

32
1494
thlo
Mar 09, 2009 3:53 pm
thlo
yvette72
yvette72
10 March 2009

March interest rate cuts

March interest rate cuts

well theres all ways next time

12
881
yvette72
Mar 10, 2009 6:27 pm
Bam
Bam
11 March 2009

Are CBA Valuations conservative?

Are CBA Valuations conservative?

We're signing papers tomorrow so Im assuming ours went well! :lol:

6
785
Bam
Mar 11, 2009 1:57 pm
Bam
thlo
thlo
11 March 2009

Agreement with banks on location of FHOG payment

Agreement with banks on location of FHOG payment

Common rule in construction lending is that your money is spent…

1
280
thlo
Mar 11, 2009 10:17 pm
thlo
borg
borg
12 March 2009

What are our options?

What are our options?

The best option to do is if you own most of your land then use this equity to borrow money to finance your build. Viridaina line of credit is great for this and you can…

3
366
borg
Mar 12, 2009 1:34 pm
borg
thlo
thlo
15 March 2009

100% Construction Loan

100% Construction Loan
1, 2

Hi all, I am new to this forum. We are considering building a new home, but I am not sure how this woks with the bank if we decide to be owner…

22
4323
thlo
Mar 15, 2009 1:28 pm
thlo
thlo
thlo
15 March 2009

What interest rate have you 'prepared' for?

What interest rate have you 'prepared' for?

Seeing that only about 2% of new borrowers are fixing their home loan rates now, I somehow don't see interest rates as the biggest worry on people's mind at the moment.

14
716
thlo
Mar 15, 2009 1:44 pm
thlo
wakeboardandy
wakeboardandy
19 March 2009

How much is your mortgage?

How much is your mortgage?
1, 2, 3

It will be approx 286k for us when construction is completed. I wanted to make sure I could pay the mortgage just on my wage. Which will be about 30% of my wage with…

41
2319
wakeboardandy
Mar 19, 2009 12:33 pm
wakeboardandy
thlo
thlo
20 March 2009

Settelment Penalties

Settelment Penalties

Settlement penalties are going to be a common occurence with Australian lenders having processing delays of up to 4 weeks. Yes 4 weeks, not a typo.

5
514
thlo
Mar 20, 2009 9:28 am
thlo
Dale
Dale
23 March 2009

some advice please!!!

some advice please!!!

Hi, Is your purchase contract subject to finance within a certain time period? Tell us what the clause in the contract says about finance. Also why can't they do the…

1
331
Dale
Mar 23, 2009 3:46 pm
wake_me
wake_me
24 March 2009

New home / Valuation / Contract etc

New home / Valuation / Contract etc

Mrs Smith, its a spec home. This is normal, nothing 'desperate' about it. Jaytyn, what % are you borrowing? You'll probably find the bank will be quite conservative with…

4
335
wake_me
Mar 23, 2009 11:16 pm
wake_me
stevep79
stevep79
24 March 2009

Borrowing for extras on top of the construction

Borrowing for extras on top of the construction

i am borrowing 95 % from Homeside lending for an investment property to be built. someone said if you borrow 80% or less , then the bank will be…

12
1198
stevep79
Mar 24, 2009 7:20 am
stevep79
thlo
thlo
26 March 2009

deposit for home loan

deposit for home loan

hi all, sorry if this has been discussed before, but im close to considering a new house and land package that is due to start construction next…

3
326
thlo
Mar 26, 2009 5:43 pm
thlo
thlo
thlo
26 March 2009

Stamp duty required on land under $300,000 in NSW ?

Stamp duty required on land under $300,000 in NSW ?

Thanks Thlo! .. Just spoke to him and clarified, yup i haven't signed the separate application .. apparently he thought i was NOT a FHB ..…

4
226
thlo
Mar 26, 2009 5:51 pm
thlo
newone
newone
27 March 2009

85% LVR Construction Loans

85% LVR Construction Loans

Well my thinking was, if i put in the full 20%…

4
713
newone
Mar 27, 2009 8:19 am
squashy
squashy
30 March 2009

Building our first home

Building our first home

Hi there! My husband and I are planning on building our first home. At this point we are saving the deposit for the land and are then looking at building a kit home. The…

0
177
squashy
Mar 30, 2009 7:04 pm
thlo
thlo
31 March 2009

About construction loan

About construction loan

Hi, SILs bought a land ($100,000)in the west probably two years ago. During these period, they paid extra repayments ( around $40,000) to the land.…

2
294
thlo
Mar 30, 2009 11:43 pm
thlo
Hels
Hels
31 March 2009

CBA - failing to make progress payments to builder

CBA - failing to make progress payments to builder

I got my stage1 invoice 1 week after they started and stage2 invoice a week later. Next is lock-up and then it all slows down a lot. This is pretty normal if the weather…

14
1150
Hels
Mar 31, 2009 11:04 am
Hels
thlo
thlo
31 March 2009

RAMS 100% loans FINISHED

RAMS 100% loans FINISHED

gilese as far as I am aware you CAN'T under any circumstances use the FHOG as a deposit anymore. The new…

16
656
thlo
Mar 31, 2009 8:38 pm
thlo
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…

6
778
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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3935
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…

11
1058
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…

8
400
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…

15
1367
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…

1
288
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 :)

16
558
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…

3
328
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!

1
344
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.

7
618
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::

14
1641
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…

7
438
jb_money
Apr 13, 2009 5:25 pm
3
471
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
501
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
330
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…

32
1893
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
276
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…

4
360
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…

5
298
thlo
Apr 15, 2009 9:38 pm
thlo

Home Safety Store posted a promotion
6 months
30% Off Pinkerton 800TVL Dome Camera

Enjoy a 30% discount off the Pinkerton 800TVL Dome Camera. Offer valid while stocks last.

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