Browse Forums Home Finance Re: Loan approval times 2Jun 23, 2009 10:23 pm Blog: http://bluemistkids.blogspot.com "Never be afraid to try something new. Remember, amateurs built the ark, and professionals built the Titanic." Re: Loan approval times (Westpac) 6Jun 24, 2009 10:53 am 'A bottle of wine contains more philosophy than all the books in the world.' Louis Pasteur Vegie garden: viewtopic.php?f=19&t=27637&start=0 My Backyard Adventure Re: Loan approval times (Westpac) 8Jun 24, 2009 2:51 pm Living in Caloundra Thread****** Lovin my house all finished!!! Now tackling the HUGE task of the Garden- viewtopic.php?f=31&t=14782 Re: Loan approval times (Westpac) 13Jun 26, 2009 2:38 am Metricon Riva 33 - http://herlihy-riva.blogspot.com Site start 15/03/2010 - Handover 23/12/2010 9 months and 8 days (284 calendar days) from site start to handover Re: Loan approval times (Westpac) 14Jul 02, 2009 12:23 am Hi Tornado How is everything going? Any news yet? J Baby Tornado_ALIVE Hi, Does anybody know how long you should expect to wait to recieve notification of unconditional approval from Westpac. They told us it should be 14 days but many people I have talked to say to expect longer. Anybody here have any experience with Westpac or even other lenders? Cheers Re: Loan approval times (Westpac) 15Jul 02, 2009 1:13 pm Hi, question for everyone buying and wiating for final approval. Do you go ahead with the contract anyway i.e. when the 5 day cooling off period is up and you;re still waiting on final approval and maybe bank valuation, do you ask for an extension to the cooling off period or just go ahead and hope like hell you get the final approval as this is what my conveyancer has advised. Worrying stuff.... Re: Loan approval times (Westpac) 16Jul 02, 2009 9:09 pm [quote="jbaby"]Hi Tornado How is everything going? Any news yet? J Baby [quote] Was told yesterday that they should have word from the Valuation on Friday. Everything still on track as far as they are aware. Re: Loan approval times (Westpac) 17Jul 07, 2009 4:05 pm jen666 Hi, question for everyone buying and wiating for final approval. Do you go ahead with the contract anyway i.e. when the 5 day cooling off period is up and you;re still waiting on final approval and maybe bank valuation, do you ask for an extension to the cooling off period or just go ahead and hope like hell you get the final approval as this is what my conveyancer has advised. Worrying stuff.... I signed and then waited for final approval from westpac. Very worrying stuff. Many sleepless nights hoping that they approved. Thank goodness they did. Apparently its common to do this. Many contracts do state that you have to show an ability to pay the contract ( eg savings shown or bank approval) or the contract can be voided. If you havent shown them any preapproval papers this could work in your favour if the bank were to reject. Are you super confident they will aprove??? Its a silly move to sign first but I did it and Im glad i did. Just check your building contract to see what the outcome would be if they decline finance Living in Caloundra Thread****** Lovin my house all finished!!! Now tackling the HUGE task of the Garden- viewtopic.php?f=31&t=14782 Re: Loan approval times (Westpac) 18Jul 07, 2009 4:45 pm Took us about 6-7 weeks for unconditional approval with westpac for our land- ie, after valuations and everything - but that was earlier this year when things were a bit crazier I believe... I'll be putting my construction part of the application in for final approval in the next week or so and am hoping will be unconditionally approved in a few days since as we already have preapproval done - fingers crossed ! Good Luck! My Thread: https://forum.homeone.com.au/viewtopic.php?f=31&t=29109 Site Start: 5th January 2010 Base stage completed: 24th January 2010 Hi Minho I have heaps of experience in Ku-ring-gai with both DAs and CDC ( this is the main area we build in). DA's are taking 12-18months and CDC's we have been doing… 1 3186 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 19215 1 3020 |