Browse Forums Home Finance 1 Jul 15, 2009 1:42 pm Hi, We have currently purchased a block of land for $142000 on this we have a loan for 90% of the amount through Bank West. Settlement on our land was approx 3 weeks ago. My question is With Banks restrictions tightening i am worried about our finance for the house as we have no savings and are hoping to use the FHOG as our deposit do banks still this do this? Will we have a higher chance of getting aproved as we already have a loan through them? I asked my mortgage broker but he wasnt much help he simply shrugged his shouldes and said we will see. So just wanting opinions from others I dont want to have come this far then nothing. Re: Finance for purchase of house 2Jul 15, 2009 2:13 pm Well.. Assuming that you get the $32,000 FHOG and that your house costs say $200,000? That's a 16% deposit! Shouldn't be too hard? Our house thread: https://forum.homeone.com.au/viewtopic.php?f=31&t=18335 Re: Finance for purchase of house 4Jul 15, 2009 3:35 pm Your 10% equity in the land IS GENUINE SAVINGS! Unfortunately, there are a lot of people (including credit assessor of a bank which had to be corrected by a mere mortgage broker) out there ignoring this rule. Hi guys, Iām currently looking at a house i want to buy but the building inspection has picked up a number of issues with the brick piers under the house. I took a… 0 4456 you were just referred to get advice from your solicitor. This is a legal matter. Separately, why would you use a buyers agent for a house and land package? 3 42475 Hi, This is my first post. We are planning to buy new home via House and Land (H&L) Package around Boxhill/Gables/Marsden Park in Syndey. Googled reviews for most of… 0 10458 |