shape posted:Declined by LMI - what to do next?
Then your fine, especially given the time-frame.
shape posted:Declined by LMI - what to do next?
Ohh got it.
Avoid QBE then...they dont like Loan and LMI defaults. Same goes for Auswide LMI.
You will need to try ANZ LMI ( under 90% LVR if new customer or…
shape posted:Declined by LMI - what to do next?
What i meant was " who was Default with" - ie was it a default on paying a bill with Telstra, A credit card company, Private company etc...
Genworth is the…
shape posted:Declined by LMI - what to do next?
You have the option to use other LMI provider OR a bank that has their own DUA ( Some bank has their own internal insurance OR some banks has authority…
shape posted:Financing Questions Regarding a new off the plan purchase
If it's " Australian citizens with partners on a temporary visa. " Your guys as a couple will be considered as a NORMAL loan under normal policy as at least…
shape posted:Financing Questions Regarding a new off the plan purchase
1. I can't see why CBA would not lend against Greenway....CBA is one of the most easiest lenders in term of location and property type. If CBA won't touch this…
shape posted:Include inclusions/upgrades in quote for Valuation?
If it's not included into the fixed price contract than the cost will come out from your own pocket ..ie can't be borrowed from the bank at the initial stage.
So…
shape posted:How long should a response from a mortgage broker take?
Anything more than 1 days with no reply is horrible customer service...the min should be at least an update on time etc...
We live in fast pace world and everyone is…
shape posted:FHO - having trouble with vacant lot finance w CBA
Environmental issues on a valuation is subject to the lender and LMI.
So it will come down to the valuation report nad if there's any positive sign to offset the High…
shape posted:Builder Progress Payments
Most banks have a standard, from the figures your going off StG will be ok to change it to the builders specification ELSE as mentioned you can also get the…
shape posted:FHOG Question - One eligible person in couple
If you can afford the loan under your name only, than you can apply for the loan under your name only- but that's beside the point....the point is your "…
shape posted:Unconditional Approval, but questions around settlement
14 days settles from date the notice was sere is common for Off the plan and vacant lands.
1. Try to get an extension to 21 days, it be less stressful…
shape posted:FHOG Question - One eligible person in couple
This is the part I am looking at as they define de-facto as having lived together at least two years, of which we haven't.
I will find out as much info…
shape posted:Lender's mortgage insurance - how did you pay it?
P.s Hi jamie 
Good to see you here as well.
By the way jamie is based in ACT if you need to meet a broker face to…
shape posted:Lender's mortgage insurance - how did you pay it?
90% LVR + LMi - No issues, some good rates as well.
95% + LMI- A lot tricker and only fits the right client type as only 3 lenders will do…
shape posted:Land, tender, finance - which order to do them in?
Best if you have the building quote ready, so you know the valuation on the building quote is ok and the loan will be approved...but i know this is not…
shape posted:Land loan & construction loan question
Yes no LMI payable as LVR is under 80%...
But why would you want to pay out the land loan and rely on the equity???
Cash is always better than equity..as equity…
shape posted:Westpac - 5 progress payments only
5 is normal ...6 including deposit is also normal
>5-6 progress payment occurs normally with the smaller builders/private builders as they have a very tight…
shape posted:Paying rent affecting borrowing capacity to build? WTF
Speak to someone else in the bank or a broker.
if it's an Owners occupied build the bank won't take in consideration the rent that your buying that's just stupid...
Numbers you…
shape posted:What a nightmare
$200 defaults is ok.
However you def can't apply for NAB as you have a default mortgage listing with NAB; one reasons why it's not always worthwhile going with your same…
shape posted:Home loan for brother
^ That's a very very expensive exercise..
1. You may be liability for CG tax
2. Your brother has to pay stamp duty again
Regarding his borrowing capacity, on a 63k income…
shape posted:First Home Builders Grant 30k Tas
Presuming your $25,000 is "available equity" than you won't need to put any deposit/cash towards the build as you have enough equity to meet the required 5% genuine savings deposit…
shape posted:Where to start for a two newbies!
Casual income is ok - but needs to show 6-12 month history as a min depending on the lender and LVR ( Loan to debt ratio)
shape posted:Low valuation - what to do?
What i mean is rebated prices has no bearing on the "true" value.
Meaning if it's worth $200,000 the valuer will value it has $200,000 based on 6 comparative recent sales…
shape posted:Low valuation - what to do?
Lender will not take in consideration any rebates...as it doesn't "Add" value to the property- its only adds value to your bottom pocket ; which got noting to do with…
shape posted:Low valuation - what to do?
ya there are few blocks which have been sold in that estate, i am trying to finding data on those.The listed price for similar size blocks is in the…
shape posted:Low valuation - what to do?
You can get the bank to order the valuation, before proceeding.
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