Browse Forums Home Finance 1 Sep 08, 2010 8:39 pm H's Emperor Q1 on acreage Site cut 16/6/11 Slab 2/8 Frame 29/8 Tiles 9/9 Bricks 13/10 Plaster 2/11 Fittings 28/11 PCI 19/3 Re: Bank valuation less than purchase price 3Sep 08, 2010 11:22 pm A thankful person is a happy person. [/color]My hobby design blog: http://aviewondesign.blogspot.com/ Re: Bank valuation less than purchase price 4Sep 09, 2010 9:19 am H's Emperor Q1 on acreage Site cut 16/6/11 Slab 2/8 Frame 29/8 Tiles 9/9 Bricks 13/10 Plaster 2/11 Fittings 28/11 PCI 19/3 Re: Bank valuation less than purchase price 8Sep 20, 2010 8:41 am H's Emperor Q1 on acreage Site cut 16/6/11 Slab 2/8 Frame 29/8 Tiles 9/9 Bricks 13/10 Plaster 2/11 Fittings 28/11 PCI 19/3 Re: Bank valuation less than purchase price 9Sep 21, 2010 3:57 pm H's Emperor Q1 on acreage Site cut 16/6/11 Slab 2/8 Frame 29/8 Tiles 9/9 Bricks 13/10 Plaster 2/11 Fittings 28/11 PCI 19/3 Re: Bank valuation less than purchase price 10Sep 21, 2010 6:14 pm Trent Davidson Property Finance Consultant Residential Lending LJ Hooker Finance Brisbane North Credit Representative Number: 387283 under Australian Credit Licence:380270 Re: Bank valuation less than purchase price 11Sep 21, 2010 6:54 pm H's Emperor Q1 on acreage Site cut 16/6/11 Slab 2/8 Frame 29/8 Tiles 9/9 Bricks 13/10 Plaster 2/11 Fittings 28/11 PCI 19/3 Re: Bank valuation less than purchase price 12Sep 21, 2010 7:05 pm Trent Davidson Property Finance Consultant Residential Lending LJ Hooker Finance Brisbane North Credit Representative Number: 387283 under Australian Credit Licence:380270 Re: Bank valuation less than purchase price 13Sep 21, 2010 8:23 pm Hey Cookie Monster If you can find the $60k , this would make life some what easier (just to get the block settled). Then A. Ask the bank to revalue the block in 6 to 12mths time and top up the loan to get your cash back . + Valuation should be Free - Could come in less (I'd do option B first) . And this would effect your current loan and you may need MI or more cash to keep the bank happy . or B. Get the valuers business card/name and call them in 6 to 12mths time to do the valuation for you . Give this to your bank for a top up + You'll have a copy for your records + You'll know before the bank what the valuation is , and how much you can borrow - The valuation will be at your cost . I did this when building our house , so we didn't over spend . cheers Mick at most it will have a short lintel which could be moved up just below the ceiling or even above. Above means you need to patch the cornice and might need to deal with… 2 61426 How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11974 Wow I hadn't realised things had gotten that pricey in just a couple of years since I built, that is crazy with how much land is now costing if you aren't lucky enough to… 3 7177 |