Recent content by Rebdot

We are building a house through Metricon, when signing up we were advised that we had to purchase the block of land before we could move any further. We purchased our land, the contract had a clause that required that finance go unconditional on the 1st of June, however an extension was sought...

No, the application was due to be pre-approved today but I have put a stop on that.

I just got off the phone to our morgage broker and she is going to go on Suncorps website to find out about there products, she said she needs to find out if Suncorp release the FHOG at settlement or when the slab is poured. Can I change brokers? Shouldn't she know the products Suncorp offer...

I would assume so that the finance can be submitted. We were told by Metricon last week when paying our deposit that contracts would take 4 weeks, we were told by our broker to do a 60 day settlement on the land.

She mentioned at our appointment yesterday that she was going to have Metricon make up a dummy contract for the time being. Is this dodgy? Our land contract will be available for signing this week.

Thank you, the internet have given me the impression that LMI is rarely approved. I'm feeling more confident now.

Thank you so much for taking the time to reply. This may sound like a silly question but are these kind of loans commonly approved by LMI companies? Or, more commonly declinded?

We are building through Metricon. They put us on to the broker that we are going through. I know she also does work for Simmons as she has mentioned it.

The loan is exactly 90%, so would that be an issue?

I don't have any real reasons for not thinking it won't go through, I have read stories online of others being declined in similar situations. I have asked our broker about this a few times but I get told "not to stress". I don't think the he should apply with BW if there is a high chance of his...

We are renting privately, the application is due to be processed through pre approval this afternoon. Which other lenders could be go to for 90% lvr with non genuine savings?

Were building a new house in country Victoria so we receive the FHOG and a bonus for building in regional Victoria. No, in Victoria you still pay stamp duty even if your a FHO.

My partner is in the process of obtaining approval from Bank west, our broker suggested that we apply for the 90% lvr non genuine savings loan and use our FHOG of $26,500 as a deposit. We had $4000 of non genuine savings which we plan on using for stamp duty ect. My partner has applied for...