sasha.hopkins wrote:
Wow they are some pretty good numbers!! Is this rural or city? In other words where should one be looking?!?!?!

Hi Sasha, Rural or any regional town 5000-10000 population upwards i guess could be a good place to start looking.

There are commission houses. you would not believe it! When you get into town and you get involved things start happening. Just before we we're to walk down to the auction i arrived at mums a few others there that are going to auction. Mum comes flying out the door there was an auction yesterday that was passed in on a vendor bid of 55k on 1 1/2…[Read more]

You have swayed me keiko they have had all day and on a Monday to respond and no one in the office till answer my call. Look i haven't got the time. I had plan b ready so will opt for that… I've ditched them! I just had to dig the email response up from another group that was very responsive.

900k and 40 litres is good as well. I want to set up a traveling van.

Yep, i will pass that on Monday. Thanks Paul.

In Victoria here mate. Will pass that info onto the conveyancing. I guess it's to secure the rent, they seem like pretty good people but you can't take any chances. The rent will be covering the mortgage and some $60 extra per week. If the contract had the clause that settlement would occur at any point that rent ceased to occur then risk…[Read more]

Banker wrote:
Refer example above ( I wrote one yesterday) for an example of short term crossing. You do this by limiting the cross-collateralisation to 1 of the contracts / loans. When that contract is paid / refinanced the balance of debt is uncrossed.

 Sorry… actually did not read that ! Thank you that's excellent.

Can a property be crossed for 12 months, 2 year time frame? Until the bank is confident there has been enough repayments. Can a property be in the contract as crossed for X amount of time. 

I believe i should bring an Client Application Fees Document for the bank to sign of my $600 fee. It takes a considerable amount of time to collate updated documents, scan and send then driving and talking over phones, get to the appointment, etc. I thought banks made money on Interest.

Quote:
At least one applicant occupies the home as their principal place of residence for a continuous period of at least six months commencing within one year of the completion of the transaction to which the application relates.

That's right you could move in and begin living in the property for the required 6 month period beginning on the…[Read more]

The manager gave Provisional Approval to a Basic Loan. Would not budge on fees. Might have to get back to that NAB manager . Might not be for this loan though.

I wish i had those sort of offers here down south! I could show you some tiling in the next few weeks. How to install bats though there is not much to it. I could show you a basic bathroom upgrade and tonight some plaster hanging and this Saturday the beginning of stopping up of the plaster (filling the gaps and sanding smooth for painting). Then…[Read more]

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It seems every time you talk to a lender the question arises sometime during the discussion, "do you want to use a property as security". My answer to date has always been NO. I think they must be taught to do it. There very cheeky! I was asked again today.That does not mean that i would not cross collateralize for example if i new i was selling a…[Read more]

That's some wicked Avarta you've got Dwolfe looks like it's stuck it's head in a power socket. EV not on your shopping list, mmmm how much power will these things use. That is the question? Also another downer is… out with a tonne of motor "you beauty i got a light car", in with 20 batteries!

Though bells and whistles would be good. I don't mind a basic straight out simple 30 year, P&I paying direct debit weekly and no annual fees or monthly fees, set and forget. This how my NAB loan does now at 5.24%. But these recent rises will kick in August. I will often have savings building up between saving deposits so offset would be good. Not…[Read more]

As it is now have an application in process with CBA, an appointment with Westpac in the morning and NAB appointment on Monday. I will take what i can get but if i know before going in i will suggest that. Only got till April 16th to get pre approval. I usually ask for a free application. Was $200 at NAB last time, a $400 discount but that manager…[Read more]

Hi Troodyg,                    Thanks for the post and the insightful comments. Certainly going for a low cost Lino for the kitchen area that meets the lounge room, used it in the last unit in the bathroom at $5.99 a meter. I thought even possibly put some hardy vinyl/ lino fake timber flooring as you say but just around the edges of the room a…[Read more]

Fair enough…. hook up and hock a house!

I wished for this few months ago. I hope that it spreads across all the states. The report should be able to be accessed from the agent at the counter and be done by a totally independant builder pest inspector (somehow). I think a manatory cost would not be so bad to incur. I am all for this because it's a real good for consumer protection.