A&B Financial posted:Loan size - what would you do?
They also need to consider what other houses are around that area and they need to ensure that they don't overcapitalize on the build. (Obviously this will depend upon what…
A&B Financial posted:How does someone being a guarantor work
Hi,
Magic J is correct in what he is saying.
Your parents would be required to seek independent legal advise to ensure that they have a good understanding as to what…
A&B Financial posted:Finance advice needed - REF, Offset
Hi azaram,
I just had a good read over your post.
Correction to my original description about the offset account:
An offset account is a separate savings account where the credit balance in…
A&B Financial posted:Credit card debt affects borrowing capacity?
Hi aLLaNNa1,
I would talk with your bank that previously had those Credit Cards and ask them to provide you with a confirmation that you have paid these Credit Cards off…
A&B Financial posted:Putting in an offer before Auction
You may want to talk with your broker who could then hold a discussion with the bank as to who they use for a Valuer. The broker could then give…
A&B Financial posted:New home buyers should allow for higher rates
It's always a good idea to allow for higher interest rates within the future. You may be able to afford to make the repayments on the lower interest rates at…
A&B Financial posted:Newbie deposit question
Hi Eric,
You should have your solcitor go over the contract to ensure that everything is in order. You would also want to get a builiding & pest inspection completed on…
A&B Financial posted:Credit card debt affects borrowing capacity?
Hi Chopper,
You are correct in saying that the "Credit Card Limit" will impact on your serviceability. By having a larger "Credit Card Limit" this will reduce the amount that you…
A&B Financial posted:Borrowing: A kick in the teeth (and more)
Hi Jeraldo,
If you were to buy a block of land and then build on it, the banks would require some further information. These include some of the following:
Tender
Stamped Council Approved…
A&B Financial posted:Funding works after completion
Not a problem, I am glad that I could help.
If you need more detailed advise, send me a private message.
Cheers
A&B Financial posted:Funding works after completion
If you were to approach the bank once your property has been completed they may look at lending against the higher value of the property. Though this will depend upon…
A&B Financial posted:Funding works after completion
You can certainly talk with your bank in relation to increasing your loan. Again this depends upon whether or not you have the equity within your property and you can…
A&B Financial posted:Funding works after completion
How much did you originally borrow in comparison to the Market Value of the property? If you have some equity available to you and you can service the increase in…
A&B Financial posted:The process
Hi Oze,
Your solicitor is correct in saying that you should obtain an approval from the bank prior to signing the contract. Even within the contract you should try to obtain…
A&B Financial posted:McDonald Jones Homes
Can anyone advise me as to whether or not they have had a good expeirnce with McDonald Jones?
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We arrange financing for all of your needs, from Home Loans, Investment Property Loans, Re-Financing, Business Loans, Working Capital, Equipment Finance etc
