Aus mortgages, mindfield!!
#1
Forum Regular
Thread Starter
Joined: Jun 2006
Location: Phillip Island, VIC
Posts: 259
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
#2
Lost in BE Cyberspace
Joined: Jun 2005
Location: Oz -> UK -> San Diego
Posts: 9,912
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.
No (other) advice, but the good news is that you'll find building yourself much easier to finance in Oz compared to the UK.
#3
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
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
#4
Forum Regular
Thread Starter
Joined: Jun 2006
Location: Phillip Island, VIC
Posts: 259
Re: Aus mortgages, mindfield!!
thanks for that