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Aus mortgages, mindfield!!

Aus mortgages, mindfield!!

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Old Aug 16th 2010, 4:22 am
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Default Aus mortgages, mindfield!!

When looking for a mortgage here in Australia, has anyone any advice. Banks or internet for home loans? Also where best to go if looking to build ourselves and already have the money for the land. Any advice most appreciated
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Old Aug 16th 2010, 4:30 am
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Default Re: Aus mortgages, mindfield!!

//pedant mode on: minefield pedant mode off//

No (other) advice, but the good news is that you'll find building yourself much easier to finance in Oz compared to the UK.
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Old Aug 16th 2010, 6:58 am
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Default Re: Aus mortgages, mindfield!!

Decide first if you plan on buying or building as it will affect the availability of a loan. Construction loans are more difficult/expensive/hassle to get than a straightforward loan. There are a couple of comparison sites you can use online, but a lot of business here is put through brokers.

http://www.infochoice.com.au/

If you decide to construct, the best one I found for our circs (lots of equity, already owned land but limited revenue) after a couple of days looking was this lot

http://www.myrate.com.au/

Good luck
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Old Aug 16th 2010, 10:17 am
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Default Re: Aus mortgages, mindfield!!

thanks for that
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