Many mortgage lenders are reducing the availability of second mortgage programs as the secondary…
Unfortunately no lender out there will allow that. Basically anyone on title needs to be on the loan in some fashion, whether as borrower or guarantor.
I don't know if…
Construction Loan with Land Explanation
Usually it's interest only on both the land and the construction loan, but not impossible for it to have been set up differently so double check with your…
Equity and Loan Dilemma
I have a client in a similar situation. We worked with them and their accountant and decided the best thing was to take the stamp duty hiyt and sell the property into a…
How far could they have gotten in to your build if the finance hadn't been secured? I'm guessing a site survey and plans/tender prep is about it? So depends on how much…
Paying mortgage whilst building
Just wondering if anyone knows how I can get my mortgage, or if I have to move, my rent paid whilst I build? I'm either looking to buy a small property and build at…
Urgent bankwest construction loan q
Sorry for the late reply, you might have better luck with them, we had issues but I was pleased with the customer service they always answered emails relatively quick. And…
Substitution of Security
Yes I've done that. Speak to the bank ASAP so you have all the paperwork in place for settlement.
Construction Loan Questions
If you hurryy things along with your builder is your apply with Westpac they're still doing their extended 85% lvr no lmi deal by 5 Oct. You have to settle by 31 Dec…
how much extra to have on top of deposit?
As Rebecca said, minimum is 5% for deposit plus approx. 5% for closing costs.
The issue will arise if valuation comes back short, then you will have to find more funds…
Unfortunately you have committed the worst sin for investing. As you mentioned by paying extra into your current property, you have effectively missed out on…
Average rate is presently 4.3X% or around there - depending on loan amount and % borrowed, but, there are great offers well under this…
Where to start for a two newbies!
HI, How far away is your build contract? What state are you building in? And what do you need to borrow as a percentage of the total cost, for example are you borrowing 80%?
WA - FHOG & Stamp Duty refunds
Found out we can apply for it now that we have a signed building contract but it doesn't get paid until the slab has been laid. When we get a letter in the mail that our…
Land loan & construction loan question
Because our construction loan is going to be quite high so we want to just have the one loan rather than combine 2 and be paying off more, we will still have cash to…
Land release day
Hehe sorry I had no practical advice or experience to share. Just made me think of the land runs of the wild west! Hopefully will be a bit more civilised for yourself hahaha.
Feb 06, 2014 10:40 am
Changing Job during home loan application
Thanks for the responses.
He has been in the IT industry for 10 years just working for different companies. He will now be working within IT still (same sort of position)…
Conditional to Formal Approval - Keystart
Unfortunately we lost our block today to another buyer so we are back to square one.... just days from getting formal finance. All valuations checks etc had been done…
Are we dreaming?
I use to work for RAMS as a lender, this was several years back. Their rates back then are a bit higher compared with some of the more competitive lenders.
If you shop…
First home buyers in here
We are 22 & 25 and both first home buyers/builders. The block is 650 sqm and the house will be 2 story (due to the views available), got to buy…
Finance with a FIFO partner
You can get most of the finance sorted wihtout him being around - if you use a broker or apply for a loan online you normally just have to supply a photocopy of ID signed…
Sep 25, 2013 2:24 pm
When does the deposit become due ?
Depending on what your deposit is and LVR, you might have to fork out at both stages.
When you buy land, you will need a deposit when buying that and then a loan for the…
Build Finance WA
Hi, has anyone gone through Build Finance in WA for their homeloan? Really keen to hear from anyone who has!
Seperate loans for land and construction?
We are building our house with 2 x loans, a separate one for the land and a construction one for the house. This is because we originally bought the land with a house on…
FHOG Application for house+land pkg
I would tend to agree with you as off the plan generally means the finances settle on the date you move in, and new home suggests it has already been built.
Suncorp are great - their biggest problem is their borrowing capacity. They have one of the most conservative servicings.
savings and offset
And at the moment with the ing everyday account you get 5% back on all purchases under $100 made with pay wave (have saved over $100 in the last few months!)
Apr 12, 2013 6:26 pm
Apr 05, 2013 10:34 pm
No Deposit Home Loans
If you have low personal debt & high income then you could go borrow $20k. put it in the bank & add to it as much as you can over next 3 months - this shows 3 months…
Capital Gains Tax
So long as you live in the house and it is your primary residence there will be no CGT.
Settlement Debarcle - Need advice please
Hi, dragonchild and plc.
Thanks for your replies. Much to our relief westpac have lifted the caveat and settlement is booked for tomorrow. We have settlement agents…
Have i screwed up?
Nah. I had the same thing with an ANZ account, where I took all the money out and forgot about it, and they charged the $5 service fee and…