Browse Forums Home Finance Re: Low bank valuation ...much difference with a second?? 2Jun 08, 2016 2:20 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Low bank valuation ...much difference with a second?? 3Jun 08, 2016 9:20 pm - otherwise known as Kym - Re: Low bank valuation ...much difference with a second?? 5Jun 14, 2016 5:06 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Low bank valuation ...much difference with a second?? 7Jul 05, 2016 8:23 am Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Low bank valuation ...much difference with a second?? 9Jul 06, 2016 3:18 pm The valuer is writing part of the risk cover for the loan. If the loan goes bad (default > repo) and the bank cannot cover the valuers OPINION (within a suitable time period), then its the valuers insurance that covers the difference. As with all human interpretations, there can be a variance. Start with a valuation before a loan application, otherwise your credit file gets application after application that doesn't look good for you for future applications (within 6mths). Not only is a 'good' (competent) broker needed, a home loan broker WITH A GOOD WORKING RELATIONSHIP with many lenders is critical, as banks don't like paying for valuations without an application. Hi, We have a single story MacDonald Jones house, on a waffle pod slab with steel frame. Are we able to build a second story extension? Other info is we are 900mm from… 0 8986 We are building a second dwelling and are currently selecting window and door frames. We want to blend into the forest and also bring out the stone work and the fake wood… 0 19941 How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 12244 |