Browse Forums Home Finance Re: Home Loan Approval Time for 97% LVR 2Jul 23, 2015 10:41 am Hi that varies greatly depending on the lender & how busy they are, the valuation & access, the scenario itself & if you've supplied everything. CBA and Westpac are slow at the moment - 6-8 business days, possibly more. NAB not as bad. Keep in touch with your broker. Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Home Loan Approval Time for 97% LVR 4Jul 23, 2015 11:05 am Tuesday this week? No I think probably in 4 working days. Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Home Loan Approval Time for 97% LVR 5Jul 24, 2015 11:59 am Anyone know the turn around time for Bank of Melbourne
Re: Home Loan Approval Time for 97% LVR 7Jul 24, 2015 1:04 pm 8 weeks is very much not normal with ME or anyone -what has happened there is they put out an absolutely brilliant special and got inundated with work and everything blew out. They normally sit at around 6-10 business days Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Home Loan Approval Time for 97% LVR 9Jul 24, 2015 1:17 pm Yes the valuation is supplied by the bank to the mortgage insurer, there's something else going on there, whether the insurer didn't accept all of the income or wants certain finishing items... Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Home Loan Approval Time for 97% LVR 10Jul 24, 2015 1:19 pm sko24 How mortgage insurer can come up with short fall when bank already does the property valuation I think once they did the valuation it all goes to insurer for formal approval Re: Home Loan Approval Time for 97% LVR 11Jul 24, 2015 1:21 pm ME bank did have a good deal but the wait of 8 weeks is hideous not worth it if you ask me!! Some other bank only take a week or two for formal approval. And ME bank only do 95% including LMI capitalized Re: Home Loan Approval Time for 97% LVR 12Jul 24, 2015 1:27 pm Yep thats right, so where are you going now? If you need the capitalisation and all fits is your broker looking at Bankwest? Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Home Loan Approval Time for 97% LVR 13Jul 24, 2015 1:38 pm bank of melbourne hopefully wont take another 8 weeks Re: Home Loan Approval Time for 97% LVR 15Jul 29, 2015 2:23 pm WOW that is fantastic!! Congrats!! Did you go through a broker or direct with the ANZ. We were going to go with them but our broker said they only offer 90% LVR unless you are an existing credit customer they will do 95%LVR. Re: Home Loan Approval Time for 97% LVR 17Jul 30, 2015 9:01 am sko24 Thanks, went with broker Was that conditional approval or unconditional Our broker applied with another bank on Monday, said he is still waiting for a prompt whatever that means.... I know it has only been 3 days but am very impatient now... Re: Home Loan Approval Time for 97% LVR 19Jul 30, 2015 9:27 am sko24 Its unconditional, what bank are u going with i thought u went with BOM or u have changed again Yes Bank of Melbourne That's good they can do a valuation and all the checks within 5 days. It's already been three days for us and they haven't even done a credit check or verified employment we must just be unlucky Re: Home Loan Approval Time for 97% LVR 20Jul 30, 2015 9:35 am I dont think your broker has applied yet because as soon he submits application your credit check will be done and if you have subscribed for credit agencies like veda you should get an alert if any activity has happened if not he must have done a paper based application The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 20307 Hi there, I hope someone can give me some insight into a (very lucky) situation I'm dealing with. My Mum was gifted property by my grandfather after he passed. My… 0 1106 1 3553 |