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    Not happy with refinanced home loan results

    Just to close this thread by posting the revision from the bank: Home loan: -52000.00 (available fund: about 350000.00) Investment loan1: -115000.00 Investment loan2: -367000.00 Thanks for all suggestions and comments. Cheers.
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    Not happy with refinanced home loan results

    Jamie, I will take Shahin's suggestion (loan structure) to the bank, and see what they can do about it. I just assume this staff is more familiar with the original settings, and would be easier to modify the structure. Maybe I am wrong, and will let you know.
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    Not happy with refinanced home loan results

    Thanks, Rolf, Jamie and all for suggestions and comments. Go to bank on Wednesday, and will post any update here.
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    Not happy with refinanced home loan results

    Shahin, Thanks. I agree, and I need to fix the loan structure ASAP.
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    Not happy with refinanced home loan results

    Terry, I remember it is different for ACT. We are doing land leasing, not land buying. The costs are associated with leasing, I guess.
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    Not happy with refinanced home loan results

    Thanks, Terry. I thought I pay the 10% deposit first, the bank will restore it back to my account #1 after the investment loan is finalised; same as the stamp duty and fees. I did this with AN* bank before, it went through all right without any problems. Because we want borrow the purchase...
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    Not happy with refinanced home loan results

    Terry, thanks for the suggestions. As for the old home loan, records were not kept online after closing the loan. I asked the bank for transaction records of the old home loan because I want to see the start point, and they emailed me a copy (from Adelaide) . Search my bank account online will...
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    Not happy with refinanced home loan results

    Terry, if we pay $52k to the bank, then we can own the house (i.e. 100% paid off).
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    Not happy with refinanced home loan results

    Terry, sorry for my limited knowledge in banking. -$52k is we owe the bank for the $565k ($650k) house. I thought we have an equity of $650k-$52k, or at least $565k-52k but this is not reflected in the refinanced results (I did not see it).
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    Not happy with refinanced home loan results

    House valued at ~650k. The lender is W...c
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    Not happy with refinanced home loan results

    Thanks everyone for comments. The starting point of this case is: Home loan $430k, purchased at a price of $565k in 2009 (paid 20% deposit) Balance in February of 2015: -$53k, available fund = ~312k.
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    Not happy with refinanced home loan results

    Shahin, thanks for the quick comments and suggestions! They have created three accounts for me (22/03/2015): Home loan: $250k, available fund=150k Investment home loan #1a = 400k, available fund =0 Investment home loan #1b = 230k, available fund = $210k The unit has been purchased...
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    Not happy with refinanced home loan results

    Dear Friends, I have been reading stuff in this forum for three years and still learning. I got our home loan refinanced this month with a major bank, but not satisfied with the results. I now present our case below and welcome your comments. Home loan #1 In 2009, purchased a house (our main...
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