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	<title>PropertyInvesting.com | blacklamb | Activity</title>
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				<title>blacklamb replied to the topic financing off the plan purchase in the forum Finance</title>
				<link>https://www.propertyinvesting.com/topic/4400625-financing-off-the-plan-purchase/#post-4628404</link>
				<pubDate>Fri, 03 Sep 2010 00:51:37 +0000</pubDate>

									<content:encoded><![CDATA[<p>Definitely &#8211; just goes to show that sometimes settlement delays in off the plan purchases are a good thing.  When I signed the contract nearly 16 months ago I was told I&#039;d be moved in by Christmas 2009!  No doubt I&#039;m financially better off because of this delay and better off than most first home buyers.For anyone interested, the lender is Bank&hellip;<span class="activity-read-more" id="activity-read-more-217181"><a href="https://www.propertyinvesting.com/topic/4400625-financing-off-the-plan-purchase/#post-4628404" rel="nofollow">[Read more]</a></span></p>
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				<title>blacklamb replied to the topic financing off the plan purchase in the forum Finance</title>
				<link>https://www.propertyinvesting.com/topic/4400625-financing-off-the-plan-purchase/#post-4628401</link>
				<pubDate>Thu, 02 Sep 2010 23:44:10 +0000</pubDate>

									<content:encoded><![CDATA[<p>Thanks for the replies everyone <img src="/wp-content/uploads/smileys/smile.gif?x85685" width="" height="" alt=":)" title=":)" class="bbcode_smiley" />I am happy to report that the valuation has come in at $40k more than the purchase price and the bank is lending 80% of that rather than the contract price.  Loan amount works out to be roughly the same (initial loan application was for 90% of contract price) and now I don&#039;t have to pay LMI.  Very happy with thi&hellip;<span class="activity-read-more" id="activity-read-more-217179"><a href="https://www.propertyinvesting.com/topic/4400625-financing-off-the-plan-purchase/#post-4628401" rel="nofollow">[Read more]</a></span></p>
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