Did anyone use Westpac for a mortgage?
Oct 8th 2007, 4:14 am
#16
life's good
Joined: May 2006
Location: mountain creek sunshine coast
Posts: 92
Re: Did anyone use Westpac for a mortgage?
Yeah we took out a mortgage offset account with them. Not the cheapest (about average) but we only had a 10% dpeosit (not the 20% deposit required to avoid mortgage insurance premium) Somehow with their mortgage offer we have avoided paying this extra premium unlike with other banks etc!
We've recently arrived in Melbourne and wanting to buy an investment property. Just wondered what people's experiences were of Westpac and mortgage applications. We opened our accounts with them whilst still overseas and still have our money with them.
I started working a week ago (full time, permanent job) but hubby is still looking as he came after me and arrived some 2 weeks ago. Do I need to have been working a certain length of time before we can be considered etc.
Thanks
I started working a week ago (full time, permanent job) but hubby is still looking as he came after me and arrived some 2 weeks ago. Do I need to have been working a certain length of time before we can be considered etc.
Thanks
Oct 18th 2007, 6:22 pm
#17
Forum Regular
Joined: Oct 2007
Posts: 42
Re: Did anyone use Westpac for a mortgage?
I thought you had to be in Australia for 6 months to qualify for a first home buyers grant??? Is that true or not??
Hello
I'm sat here in our house which we purchased using a small Westpac mortgage. We secured the mortgage 14 days after arriving in Australia and neither of us had jobs! Westpac was great up until the day before we completed when they told me that they had not processed the first home buyers grant so we had to transfer that part of the settlement in to our mortgage account - BUT - they then called back to say oh yes, we have the money and so all was well in the end!
Good luck with your purchase!
Tracy
I'm sat here in our house which we purchased using a small Westpac mortgage. We secured the mortgage 14 days after arriving in Australia and neither of us had jobs! Westpac was great up until the day before we completed when they told me that they had not processed the first home buyers grant so we had to transfer that part of the settlement in to our mortgage account - BUT - they then called back to say oh yes, we have the money and so all was well in the end!
Good luck with your purchase!
Tracy
Oct 18th 2007, 7:02 pm
#18
heading back to oz..again
Joined: Jan 2007
Location: sunshine coast
Posts: 417
Re: Did anyone use Westpac for a mortgage?
Whats the rocket mortgage?
Oct 18th 2007, 10:49 pm
#19
BE Enthusiast
Joined: Jun 2007
Location: where else but Queensland
Posts: 474
Re: Did anyone use Westpac for a mortgage?
Just one of Westpacs loans, it's just won an award. Look here for more info
http://www.moneybuddy.com.au/home-lo...c-rocket-repay
http://www.westpac.com.au/internet/p...epay+Home+Loan
http://www.moneybuddy.com.au/home-lo...c-rocket-repay
http://www.westpac.com.au/internet/p...epay+Home+Loan
Oct 19th 2007, 12:58 am
#20
BE Enthusiast
Joined: Apr 2005
Location: Gold Coast
Posts: 493
Re: Did anyone use Westpac for a mortgage?
You have to live in your first home for six months otherwise you are supposed to pay it back. That is the only '6 month' rule as far as the FHOG is concerned.
Cheers,
Mark.
