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Unfortunately savings are with another bank but they are genuine savings and we can prove that we have been savings for quite some time

Right now i am looking at 8.5% is that still feasible? I am with cba but not the wife

Would that be something my wife could apply herself (land only) with her current salary considering that i am the one with the default and wouldn't want our application to be rejected

So the LMI value need to be included in the deposit?

deposit paid for land is $5000 Builder wants $3000 which we haven't paid anything yet Currently in savings : 60K (excluding land deposit)

Default has been paid in 2010 = just under $250 for a utility company

1 : WA 2 : Deposit already paid (Still in cooling off period) 3 : Builder requires 3 grand deposit I would like to build on this block of land but wouldn't want to be rejected in case of the default. If split contract would give me a better chance of securing this block then that could be...

Just checked and the default will be gone of the credit file mid may! The title for the land is end of may beginning of June and we then have 21 days to settle which means that we don't need the money until the credit check is gone we mostly need a formal approval from the bank to provide to...

So will CBA take the FHOG as deposit amount? As we really want this block of land (more important than the house, if we were to be rejected, touch wood it doesn't happen, could we then apply for the land only to secure it? I reckon this would then push us more in the 85% lend as no FHOG on...

Talked briefly to a broker who is pushing towards CBA as the best option as they can underwrite LMI and also that CBA would take the FHOG as deposit? if the fhog part is correct this would bring the LVR to 89-90 territoty right? Serviceability is good as the wife could pay for the loan...

Hi Guys, Based on the information below can you check if we have a good chance of getting approved finance for such a big loan with a small default. I gave got small utility paid default of $250 end of 2014 (Just over 4 years) relocated interstate at the time and never got the last bill! tried...