Search results

Should be fine, remembering that you're likely I settle on the land first and not for a while. I would be looking to save the extra funds by time you start build. The savings in rate and LMI is worth it along with the ease of approval.

Are you an existing CBA customer? If you're I don't think you will have problems. If you're not I still don't think a default for utilities of that amount would be an issue <90% based on the info you provided.

Land Purchase Price $400,000 + plus Land Purchase Cost $15,000 (approx. ) Total Funds Required $415,000 - less Land Deposit $5,000 - less Bank Loan $360,000 (90%) = $50,000 funds required for land @ 90% LMI would be approx $6,800 So total land loan $366,800 should get discount of approx...

What purchase costs will you have? Stamp duty, mortgage registration, conveyancer/solicitor etc...

How much deposit have you already paid? You won't be able to use the FHOG for the deposit to the builder, but the FHOG amount will be able to come off the required funds for the construction. If you clarify the deposit paid I can give you an example with some rough figures.

CBA should be alright <90% possible scoring issues >90% Paid default for utility shouldn't be an issue as you have an explantion, if you have proof of the move this would help. Looks like getting some confusing info here from the brokers. By the sounds you're having split contract...