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Intellichoice
Intellichoice
14 December 2018

Curious as to how people choose their lender / broker

Curious as to how people choose their lender / broker
1, 2

Can be very tricky-as with all the information available-it is always the case it can be misconstrued or straight out false if not applicable to an individuals…

30
12031
Intellichoice
Dec 14, 2018 4:04 pm
Intellichoice
kks
kks
26 September 2018

Building a house with a Mortgage

Building a house with a Mortgage

The market, yes indeed, in all my time I've never seen the real estate market so uncertain and edgy.

7
4854
kks
Sep 26, 2018 1:29 am
pw1923
pw1923
9 June 2018

Building with New Living Homes

Building with New Living Homes
1, 2

They aren't going to encourage you to do that because they won't make money on the mark-up.

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5849
pw1923
Jun 09, 2018 8:16 am
pw1923
HDRider
HDRider
29 January 2018

Valuation based on preliminary floor plans

Valuation based on preliminary floor plans

Hi Guys, Does anyone know if a bank (/Valuator) can consider preliminary floor plans and site plan (without…

0
534
HDRider
Jan 29, 2018 4:44 pm
dream2017
dream2017
12 November 2017

Is booking a land and on-sale later a good strategy?

Is booking a land and on-sale later a good strategy?

Hi Sorry, was out of touch a bit and late in response. Yeah you are right. It would be a bit of gambling on the return, I agree. Thanks for the input. It helped.

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869
dream2017
Nov 12, 2017 9:45 pm
michae
michae
13 October 2017

dreaming?

dreaming?

Before you look for mortage broker, you should consider these: First, talk with someone who have already done this and gain some tips from them. Second, discuss this…

3
982
michae
Oct 13, 2017 8:49 am
michae
plc
plc
10 July 2017

Time Frame of when to apply for construction loan?

Time Frame of when to apply for construction loan?

There are some lenders that will allow you to construct your property and drawdown a loan up to a year after land settlement. So if you have all the drawings, contracts,…

2
808
plc
Jul 10, 2017 3:51 pm
plc
plc
3 July 2017

Henley home, partially built- not Advice

Henley home, partially built- not Advice

Hi Anjan, Bec mentions a partially built home? Was it started by one builder and now you are looking at another to finish it off with a different one? Anyhow, she is…

6
899
plc
Jul 03, 2017 11:22 am

10% deposit & clear debts VS 17% deposit with debts for land

10% deposit & clear debts VS 17% deposit with debts for land

It actually comes back to income & timing for your build & what you might need to hold back for finishing items on the home (landscaping etc) - yes it won't affect LMI…

4
873
becjarrettdalton
May 05, 2017 10:17 am
becjarrettdalton
becjarrettdalton
becjarrettdalton
15 February 2017

Bank Valuation Questions

Bank Valuation Questions

Yes get quotes, these can be done from the plans & is quite normal and no lenders don't tie you to them. Alternatively you can have the builder include them in the…

8
2007
becjarrettdalton
Feb 15, 2017 11:31 am
becjarrettdalton
9
1170
becjarrettdalton
Dec 12, 2016 7:14 am
becjarrettdalton

Huffle - Groupon for Mortgages

Huffle - Groupon for Mortgages

NO NO NO RUN AWAY In short they are lending similiar to RAMS 1.0 did (before Westpac took over in NAME ONLY) from their website info. Nice in a positive disconnect…

3
1007
new_senior_citizen
Jul 06, 2016 10:47 pm

Recommend a good broker in Sydney

Recommend a good broker in Sydney

My kids used Alliance Credit on the pier opposite "The Star" casino in Sydney, but they have an office at baulkham hills too. Alliancecredit.com.au They were able to help…

5
1783
new_senior_citizen
Jul 06, 2016 5:07 pm

Valuation being more then build cost

Valuation being more then build cost

Sometimes valuations are a bit like astrology. But as long as the property has gone up since you put a deposit on in, and assuming you qualified for a loan then, you…

5
1218
new_senior_citizen
Jul 06, 2016 5:00 pm
bank
bank
20 June 2016

Pay LMI or save up some more?

Pay LMI or save up some more?

Yes there would be no LMI on the land loan. Then some or none on your construction loan depending on if you save 20% of the build cost by the time you want to build. …

7
1261
bank
Jun 20, 2016 11:33 am
bank
deejay08
deejay08
15 February 2016

Altering builder contract/tender if not approved

Altering builder contract/tender if not approved

Oh no you just need your tender to apply for a construction loan...your contract will be submitted later.

2
671
deejay08
Feb 15, 2016 10:38 pm
deejay08
deejay08
29 January 2016

Loan approval prior to land registration

Loan approval prior to land registration

Yeah we would be classed as no 3 in your scenario naritas..sort of. We went direct to the lender so no broker in the middle (don't like them) and have an off the shelf…

9
1576
deejay08
Jan 29, 2016 5:42 pm
plc
plc
28 January 2016

Borrowing after construction is completed

Borrowing after construction is completed

If your builder doesn't want to do it, but your bank allows third party quotes, get them done for the fencing, etc and include them along with your building contract to…

7
1102
plc
Jan 28, 2016 7:41 pm
plc
plc
28 January 2016

Employment history and loan application

Employment history and loan application

It all depends on what the mitigating circumstances are. If you are moving within the same industry and you have moved to a higher paying role, even with probation it…

5
1000
plc
Jan 28, 2016 7:29 pm
naritas
naritas
13 October 2015

Owner Occupied Loan Rental for 6months

Owner Occupied Loan Rental for 6months

Hi VA773ER, You'll find an extremely useful article on this topic located here:…

2
587
naritas
Oct 13, 2015 8:06 pm
naritas
becjarrettdalton
becjarrettdalton
9 September 2015

Finance Question for experienced owner builders

Finance Question for experienced owner builders

For what purpose? I don't think you'd find a lender who would accept a guarantee with owner builder. It comes back to having the equity or the cash to fund the build…

3
528
becjarrettdalton
Sep 09, 2015 12:36 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
8 September 2015

Land and construction loan with same bank. Benefits?

Land and construction loan with same bank. Benefits?

You can't separate the lenders, the lender wants security over your property and there's only the one security. Talk to a broker who can choose the right lender for…

1
617
becjarrettdalton
Sep 08, 2015 2:36 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
17 August 2015

Can we choose how much to borrow?

Can we choose how much to borrow?

Yep 80% of the land then you can borrow 80% of the build as a construction loan when that starts. I can give you a great broker n Toukley if that helps.

7
930
becjarrettdalton
Aug 17, 2015 5:37 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
17 August 2015

Bank Cheque question (OR BEARER)

Bank Cheque question (OR BEARER)

In all but extraordinary cases a bank cheque can only be cancelled by taking it back to the bank - the only exception being where it is lost, and there is a process behind…

7
1026
becjarrettdalton
Aug 17, 2015 9:22 am
becjarrettdalton
Leksie5000
Leksie5000
7 August 2015

Construction contract - subject to finance?

Construction contract - subject to finance?

Or will not approve loan. Anyone heard of such a detailed payment schedule? Builder says this is the "new"…

4
1507
Leksie5000
Aug 07, 2015 3:58 pm
Building4my3tots
Building4my3tots
17 July 2015

Paying off mortgage cheaper than 26 years ago

Paying off mortgage cheaper than 26 years ago

Definitely a Sydney thing! Old fibro houses are fetching over 1 mil in my suburb, It's so crazy! and building industry always catches on, so building cost just raise too!…

5
597
Building4my3tots
Jul 17, 2015 10:06 am
Building4my3tots
becjarrettdalton
becjarrettdalton
16 June 2015

Home Loan question

Home Loan question

NOT giving tax advice, here's a quick blog post I have written which might make sense of the above advice http://homeloancomparison.com.au/offset ... investors/

6
968
becjarrettdalton
Jun 16, 2015 11:18 pm
becjarrettdalton
Stuart05
Stuart05
13 June 2015

No Lawyer/Conveyancer for the construction Loan?

No Lawyer/Conveyancer for the construction Loan?

if you aren't comfortable at being able to understand the building contract then it may well be worth having a lawyer look over it (I think you will find a conveyancer…

5
744
Stuart05
Jun 13, 2015 2:17 am
becjarrettdalton
becjarrettdalton
25 March 2015

Construction loan query - docs for items outside contract

Construction loan query - docs for items outside contract

Its more about the bank being unable to hold a security that doesn't have a kitchen, and being unable to force you to use the money to put a kitchen in. We all know you're…

8
1190
becjarrettdalton
Mar 25, 2015 12:52 pm
becjarrettdalton
sprakk
sprakk
19 March 2015

Increasing Borrowing Power

Increasing Borrowing Power

Very good reads. Extremely informative. Thanks for that Bec. I hope moving from the car loan onto the new personal loan doesn't affect my prospects too much. But I think…

13
1289
sprakk
Mar 19, 2015 11:06 am
becjarrettdalton
becjarrettdalton
17 March 2015

Query about land and construction loan

Query about land and construction loan

Hi Mansawant - they do a valuation on the complete package - what the finished house on the land is worth. If you have equity in the land and a large deposit for the build…

1
560
becjarrettdalton
Mar 17, 2015 1:21 pm
becjarrettdalton
Matt1
Matt1
9 February 2015

Reasonable Conveyancer Pricing & Practise?

Reasonable Conveyancer Pricing & Practise?

I paid $990 (each) to sell a house and buy a block of land in the middle of 2013 (in NW Sydney). Around $1000 was fairly common in NW Sydney at the time. I would have no…

1
508
Matt1
Feb 09, 2015 8:26 pm
Matt1
bigdreamer
bigdreamer
5 February 2015

Credit Report - Consumer Credit Enquiries

Credit Report - Consumer Credit Enquiries

Thanks so much for your replies! I only have 2 inquiries for last year (none in the last 6 months) and none for this year so sounds like I should be okay. I wonder why my…

4
814
bigdreamer
Feb 05, 2015 6:19 pm
Leksie5000
Leksie5000
21 January 2015

Getting loan while pregnant

Getting loan while pregnant

Well, my thought on that is it's not impossible she was right, it's also not impossible she was wrong, bank staff are under a lot of…

10
1499
Leksie5000
Jan 21, 2015 12:59 pm
jb_money
jb_money
20 January 2015

What can you include in your construction loan.

What can you include in your construction loan.

Hi Bec, It is important that you provide the bank and valuer all quotes including floor coverings and try and see if you can include the driveway and landscaping into the…

2
926
jb_money
Jan 20, 2015 10:31 am
becjarrettdalton
becjarrettdalton
14 January 2015

CUA construction loan

CUA construction loan

Glad to know you had a great broker and got there - that I LOVE to hear, it's why I love my job! FIFO is tough, you do it for a reason, shouldn't be the reason you aren't apprved.

7
959
becjarrettdalton
Jan 14, 2015 7:40 pm
becjarrettdalton
questionable
questionable
9 January 2015

Help, what would you do??

Help, what would you do??

Wanted to cover all bases! Would love to avoid renting if we could, but do accept it may be the way things have to be..

8
1062
questionable
Jan 09, 2015 1:43 pm
becjarrettdalton
becjarrettdalton
18 December 2014

Bank val for construction loans

Bank val for construction loans

I absolutely understand! There's only one way to find out - get your broker to order a valuation and see what you're working with. There are lenders who will consider up…

3
903
becjarrettdalton
Dec 18, 2014 10:17 am
becjarrettdalton
6
3545
emski83
Dec 05, 2014 10:03 am
becjarrettdalton
becjarrettdalton
28 November 2014

Mortgagehouse

Mortgagehouse

Ahhh, how big is the footprint? Get the builder to lay your plans on there so you get the aspect. Need room for a swing set or a trampoline!

5
762
becjarrettdalton
Nov 28, 2014 7:26 pm
becjarrettdalton
Leksie5000
Leksie5000
16 November 2014

Construction loan advice

Construction loan advice

Thanks Tom this was my interpretation also.

8
1623
Leksie5000
Nov 16, 2014 5:53 pm
becjarrettdalton
becjarrettdalton
10 November 2014

Construction Loan - All Approved BUT unexpected situation

Construction Loan - All Approved BUT unexpected situation

Hi Joshua, generally once the loan is approved and settled (even if only partially) the bank doesn't re-check your employment - they don't want to be stuck with a half…

5
1702
becjarrettdalton
Nov 10, 2014 8:10 pm
becjarrettdalton
harryaustin
harryaustin
26 September 2014

Personal Finance Calculator: What do you use?

Personal Finance Calculator: What do you use?

These works really fine... I.m also using the one named "Loans Calculator For Australia" which is a smartphone app and makes every financial calculations with much ease.

1
1045
harryaustin
Sep 27, 2014 12:08 am
travelbug
travelbug
14 September 2014

FHOG enquiry

FHOG enquiry

You can own an investment property (as long as you haven't lived in it) and still get the grant so I don't see how a block of land would be any different.

6
1472
travelbug
Sep 14, 2014 8:53 pm
KGsGirl
KGsGirl
29 July 2014

Builder Progress Payments

Builder Progress Payments

In the end, St G agreed to the builders list of progress payments except they swapped the last 2 around as they needed minimum 10% for the final payment. Builder agreed…

7
1538
KGsGirl
Jul 29, 2014 7:21 pm
KGsGirl
jane1970
jane1970
5 July 2014

Conveyancing & Legal Services?

Conveyancing & Legal Services?

Try Williams Boxsell Georgas Lawyers. We used them for complex property purchases and legal advises. http://www.wbglawyers.com.au/

1
624
jane1970
Jul 05, 2014 6:55 pm
Beetaloo
Beetaloo
30 May 2014

Construction Loan - Westpac Bank

Construction Loan - Westpac Bank

If you include such items as: - light fittings - landscaping - retaining walls - concreting - carpet - pergolas on the documents you lodge with your bank they will…

5
1671
Beetaloo
May 30, 2014 10:16 pm
Beetaloo
V1SHRNZ
V1SHRNZ
26 May 2014

Lender's mortgage insurance - how did you pay it?

Lender's mortgage insurance - how did you pay it?

LMI is capitalised onto the loan by the bank. However if you borrow more than 90% then the LMI amount shoots up drastically. Try to keep to a 90% lend as you will tend…

8
1472
V1SHRNZ
May 26, 2014 5:26 pm
V1SHRNZ

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