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. We were lucky in that our old house was so small (86 square metres) compared to the new house, they were able to take enough readings around the old backyard house before… 8 38001 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 8750 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 19671 |