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Last Post
thlo
thlo
20 February 2009

Construction loan

Construction loan

and by own you mean you have 100% paid for it out of your own pocket and have no loan for it? if so, yeah it's very…

7
411
thlo
Feb 20, 2009 6:48 pm
thlo
thlo
thlo
20 February 2009

Delay between Settlement and FHOG

Delay between Settlement and FHOG

Hi, Were looking at buying a house+land package that requires us to purchase land + 5% deposit at the start, then stage based installment…

10
1077
thlo
Feb 20, 2009 7:17 pm
thlo
kumar
kumar
20 February 2009

Can we still apply for First home owners grant

Can we still apply for First home owners grant

I though boost was a chocolate bar. Oh wrong forum!

5
385
kumar
Feb 20, 2009 9:54 pm
kumar
kumar
20 February 2009

Land finance?

Land finance?

Surprised me as well to be honest!…

6
512
kumar
Feb 20, 2009 9:55 pm
thlo
thlo
21 February 2009

Where to stash your cash?

Where to stash your cash?

That's Ok, but where's your site? edit. Oh, I thought you meant you don't have links to your portfolio on your site. Sorry, misunderstanding.

19
903
thlo
Feb 21, 2009 6:16 pm
thlo
gracesmith
gracesmith
21 February 2009

When to see the bank for construction loan?

When to see the bank for construction loan?

Local banks, if they do construction loans, might be able to offer you a great rate. National Lenders are more likely to have construction programs, but the drawback is…

2
464
gracesmith
Feb 21, 2009 10:54 pm
gracesmith
gracesmith
21 February 2009

Does the Deposit Bond cover the purchaser?

Does the Deposit Bond cover the purchaser?

Hi............., The deposit bond is a form of insurance policy, but it is for the vendor’s benefit only. If the insurer is required to pay the vendor pursuant to the…

0
226
gracesmith
Feb 21, 2009 11:16 pm
lisanne
lisanne
22 February 2009

Which lender - 100% or otherwise!

Which lender - 100% or otherwise!

Melton West / Kurunjang .... the "better" side of Melton (if there is such a thing as a "better" side of Melton!). Reason being... I…

12
768
lisanne
Feb 22, 2009 5:56 pm
thlo
thlo
24 February 2009

Changing Broker

Changing Broker

I have received another question which I would like to answer here; Question regarding Broker.; I have today inform a broker that I wish to discontinue…

9
490
thlo
Feb 24, 2009 1:27 pm
thlo
jb_money
jb_money
24 February 2009

Exchange contracts before finance in place no title on land?

Exchange contracts before finance in place no title on land?

If you aren't worried about your job then I think you are in a relatively safe position. If I were you my main concern would be the contract with the vendor and getting…

6
550
jb_money
Feb 24, 2009 4:50 pm
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
1236
jb_money
Feb 24, 2009 5:31 pm
kumar
kumar
25 February 2009

Information about motorgage calculator

Information about motorgage calculator

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

5
737
kumar
Feb 25, 2009 6:15 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
293
serge44
Feb 28, 2009 10:23 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
2283
stevep79
Mar 02, 2009 4:14 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
406
pollock
Mar 02, 2009 4:19 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
614
MadCow
Mar 04, 2009 3:07 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
402
thlo
Mar 05, 2009 2:54 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
578
thlo
Mar 05, 2009 2:57 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
4449
thlo
Mar 05, 2009 6:30 pm
thlo
thlo
thlo
9 March 2009

Would you 'fix' now?

Would you 'fix' now?
1, 2

You can fix your home…

32
1453
thlo
Mar 09, 2009 4:53 pm
thlo
yvette72
yvette72
10 March 2009

March interest rate cuts

March interest rate cuts

well theres all ways next time

12
867
yvette72
Mar 10, 2009 7:27 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
770
Bam
Mar 11, 2009 2:57 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
275
thlo
Mar 11, 2009 11:17 pm
thlo
Martin
Martin
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
360
Martin
Mar 12, 2009 2:34 pm
Martin
9
628
thlo
Mar 13, 2009 10:16 am
thlo
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
4288
thlo
Mar 15, 2009 2:28 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
712
thlo
Mar 15, 2009 2:44 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
2282
wakeboardandy
Mar 19, 2009 1:33 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
482
thlo
Mar 20, 2009 10:28 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
309
Dale
Mar 23, 2009 4:46 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
328
wake_me
Mar 24, 2009 12:16 am
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
1192
stevep79
Mar 24, 2009 8:20 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
320
thlo
Mar 26, 2009 6:43 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
217
thlo
Mar 26, 2009 6:51 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
670
newone
Mar 27, 2009 9:19 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
168
squashy
Mar 30, 2009 8:04 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
291
thlo
Mar 31, 2009 12:43 am
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
1133
Hels
Mar 31, 2009 12:04 pm
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
650
thlo
Mar 31, 2009 9:38 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
763
thlo
Apr 01, 2009 11:44 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?

71
3526
thlo
Apr 03, 2009 3:20 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
1011
jb_money
Apr 04, 2009 3:25 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
398
jb_money
Apr 04, 2009 3:32 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
1361
thlo
Apr 05, 2009 3:14 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
283
jb_money
Apr 06, 2009 1:27 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
530
Hels
Apr 06, 2009 8:23 pm
Hels


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