Hi Firstbuild90
A residential construction loan's loan to value ratio (LVR) is calculated using the equation: total loan amount / land value + fixed price building…

Hi OP,
Just thought I'd chime in given you're asking about wanting to borrow more money than your broker had told you was feasible. You may be right in thinking some…

John, you're not a fee for service adviser. You're getting paid commission as a broker. You just give it away in the hope someone will deal with you. So to…

Let's be clear here:
a) Both ASIC and lenders frown upon the practice of inducing customers to take loans based upon commission refunding. In fact, most lenders and industry groups went…

Actually $100,000,000 is what many (small) brokerages do in a year. Successful brokerages with large client bases do multiples of that amount per annum. It's clear that Bec was making…

I suspect we are talking different scenarios between what some people have experienced and what the OP is describing.
With 5 months to completion and assuming a LVR between 60…

To clarify, there is a difference between pre-approval, conditional approval and final approval which I think some of the posts here are confusing.
Pre-approval and conditional could be issued. Typically they…

Great question ss2211.
In most scenarios the answer would be 'no' as the lender would not have sufficient information to register a mortgage nor determine other key aspects of the transaction.…

Hi dharmesh,
Generally speaking, it is common for people to get there home revalued at the completion of construction and do an equity release to cover such costs (or refinance to…

Hi whitefresh,
You're asking a question that the team at Naritas encounters a lot, but all too often it is coming from people who are coming to us too late in…

Hi ss2211,
The short answer to your question is: It will significantly weaken your finance application. This will be especially so if you happen to be in probation at the time…

Hi Gunners13,
Suncorp is somewhat overpriced for construction lending at present. Our company has placed a significant volume of loans with them over the years and the general feedback we've had…

Hi LisaDern,
In short, organisations such as mutuals, building societies and credit unions can provide some excellent value products. That said, they normally have their niches..and there is nothing wrong with…

Hi morphjk,
Our organisation is a site sponsor of homeone.com.au (you might even be looking at our interest rate data on the right hand side of your screen). We have extensive…

Hi VA773ER,
You'll find an extremely useful article on this topic located here: https://www.naritas.com.au/articles/does-investor-mortgage-lending-criteria-really-apply-to-your-situation
Hope this helps.