becjarrettdalton posted:Conditional approval subject to valuation
OK good - so you're right, not a lot of wiggle room and not a lot of other lenders to choose from. What do land sale prices look like in…
becjarrettdalton posted:Conditional approval subject to valuation
HI Moventura,
What percentage of the value of the property are you buying?
If you proceed, and if the valuation comes in short - you could be scrabbling for more money to…
becjarrettdalton posted:House and Land Package Finance - Nervous First Home Buyers
HI Caydenn, I haven't run the numbers on affordability as thats a much bigger conversation. Your broker has the full story so I would trust them. As mentioned above, the…
becjarrettdalton posted:Renovation loan help >_<
Huh? Thats really strange, did you issue documents and sign and return them? If so, I think whats probably more the case is they make you use all your money…
becjarrettdalton posted:Home loan interest rate bottomed out in Australia?
Who has a crystal ball.... Sorry thats not helpful.
What we are seeing is a bit of a yoyo - rates go up, then down, then up, then down based on…
becjarrettdalton posted:Construction loans
Hi,
Not impossible you could get a bridging loan (don't think nasty things of old days, they are much improved) which would allow you to borrow as much as you needed…
becjarrettdalton posted:Land and Construction Loan
Plus, further to Tom's accurate response it gives you options should the (very unlikely) occurrence of having to change lenders between land and build if something crops up like a…
becjarrettdalton posted:Construction loan question
Sorry - this only just came through. It's up to the valuer and the way the contract is worded - if the valuer thinks what is in the contract…
becjarrettdalton posted:Construction loan question
Hi Heliosphere,
your biggest challenge will be no kitchen - without a kitchen in the contract it will be deemed inhabitable and unacceptable security. The flooring is no drama, kitchen…
becjarrettdalton posted:10% deposit & clear debts VS 17% deposit with debts for land
It actually comes back to income & timing for your build & what you might need to hold back for finishing items on the home (landscaping etc) - yes it…
becjarrettdalton posted:Build Loan
HI Candice, depending on how much you're borrowing and how much deposit you have there are construction loans from high 3's to mid 4% range.
For example I have lots of…
becjarrettdalton posted:Westpac Home Loan - Draw Down process
Definitely sign the invoice (when you're satisfied the work is done) and write "please pay" or something like that, add the form Westpac sent you in the beginning for that…
becjarrettdalton posted:Mortgage / Title questions
Commbank are notoriously slow for registration which explains the delay & those look like normal registration fees, I am more convinced its transfer duty but only your conveyancer can confirm…
becjarrettdalton posted:Mortgage / Title questions
Hmm this is very curious!
OK so the timing, quite normal. I've known banks to take up to 6 months to register the title change.
Regards both mortgages - definitely not normal,…
becjarrettdalton posted:Waiting on finance - what do you think?
Fantastic! Congrats! Happy building 
becjarrettdalton posted:GST and CGT on investment property
Not completely on top of this but I think there's a few confusing rules there.
Gst will be included in the build price and won't apply on the sale price (to…
becjarrettdalton posted:Waiting on finance - what do you think?
Without doing the math on affordability I think your broker is right to be confident based on the rest of the info. 20% deposit, stable residence and employment, they won't…
becjarrettdalton posted:Refinance or stick with existing bank - reno advice?
The question comes down to two points - serviceability, can you afford the loan - and that's a huge conversation
And secondly, does the loan still suit you. From that perspective…
becjarrettdalton posted:Home Valuation Trouble - New Construction
Is it a new estate? Where are you buying? Are there incentives offered by the developers, like cash backs? Has anybody mentioned why the valuation is low - comparable sales…
becjarrettdalton posted:Bank Valuation Questions
Yes get quotes, these can be done from the plans & is quite normal and no lenders don't tie you to them.
Alternatively you can have the builder include them…
becjarrettdalton posted:Bank Valuation Questions
HI, They value it at the approval stage with the full plans and specifications and either tender or tender and contract.
You can supply your separate quote - and you probably…
becjarrettdalton posted:Adding in items after loan approval
Hmm that can be tough - depending on how much you need to borrow as a percentage of the valuation. It can be added as a variation to the contract,…
becjarrettdalton posted:Paying Deposit
Congrats! Exciting times ahead - do you have a broker/solicitor? They would know where and when to pay the 5%
Is the 5% you're referring to the land deposit or the…
becjarrettdalton posted:Application Enquiry
Oops sorry - wish that could be better for you
becjarrettdalton posted:Application Enquiry
Ugh. They're slow! Sorry. No definitive answer as to how many days because all lenders are slow at the moment...hang in there.
becjarrettdalton posted:A tough one about the First Home Owner's Grant
Nice work - go you! I think people lack the desire to take ownership and see something through to completion in some of these large organisations - or are hamstrung…
becjarrettdalton posted:A tough one about the First Home Owner's Grant
Hi, I am not able to confirm it will be possible with WA OSR, but, I know NSW OSR have distinct rules against changing contracts / re-applying with a different…
