mortgage
Nov 19th 2007 | 10:28 am
#46
Forum Regular
Joined: Nov 2007
Posts: 207
From: Adelaide
Re: mortgage
Hi Guys,i started this thread,and since doing so,have been told by West Pac bank that on oh earnings,and if we can put $42.000 of our own money they would lend us $260,000,so we can only look at houses up to $300,000.
I really wanted a house for $350,000,as they seem to look in better condition at that price,but the bank said no they would not go that high.They told me you do not pay stamp duty on houses $300,000 or less,and we would get the $7000 first home buyers grant.Do not know what the score is about our money from the Uk thats still ongoing,but i hope it comes off or we will never get on the property ladder.Also the repayment for $260,000 was $1,880 a month which would be a nice amount without overstretching things.
I would like to know if there is a way of borrowing more,but if the bank has said no,how do you find someone who will lend you more than the bank?
And can they garantee you the figure they say they will lend you,or do you run the risk of building your hopes up to be let down when you have found the house of your dreams?
I really wanted a house for $350,000,as they seem to look in better condition at that price,but the bank said no they would not go that high.They told me you do not pay stamp duty on houses $300,000 or less,and we would get the $7000 first home buyers grant.Do not know what the score is about our money from the Uk thats still ongoing,but i hope it comes off or we will never get on the property ladder.Also the repayment for $260,000 was $1,880 a month which would be a nice amount without overstretching things.
I would like to know if there is a way of borrowing more,but if the bank has said no,how do you find someone who will lend you more than the bank?
And can they garantee you the figure they say they will lend you,or do you run the risk of building your hopes up to be let down when you have found the house of your dreams?
Hi Mandy,
How about finding a good broker who can shop around for you, we found the house of our dreams, and it was a little bit more than we budgeted for, we ended up with Bank SA after being turned down by Westpac, but our broker went all out finding us a good mortgage. I felt really at ease with him and he didnt mind me asking a ton of stupid questions and ringing him every half and hour.
Nov 19th 2007 | 10:29 am
#47
BE Enthusiast
Joined: Apr 2005
Posts: 493
From: Gold Coast
Re: mortgage
Hi Guys,i started this thread,and since doing so,have been told by West Pac bank that on oh earnings,and if we can put $42.000 of our own money they would lend us $260,000,so we can only look at houses up to $300,000.
I really wanted a house for $350,000,as they seem to look in better condition at that price,but the bank said no they would not go that high.They told me you do not pay stamp duty on houses $300,000 or less,and we would get the $7000 first home buyers grant.Do not know what the score is about our money from the Uk thats still ongoing,but i hope it comes off or we will never get on the property ladder.Also the repayment for $260,000 was $1,880 a month which would be a nice amount without overstretching things.
I would like to know if there is a way of borrowing more,but if the bank has said no,how do you find someone who will lend you more than the bank?
And can they garantee you the figure they say they will lend you,or do you run the risk of building your hopes up to be let down when you have found the house of your dreams?
I really wanted a house for $350,000,as they seem to look in better condition at that price,but the bank said no they would not go that high.They told me you do not pay stamp duty on houses $300,000 or less,and we would get the $7000 first home buyers grant.Do not know what the score is about our money from the Uk thats still ongoing,but i hope it comes off or we will never get on the property ladder.Also the repayment for $260,000 was $1,880 a month which would be a nice amount without overstretching things.
I would like to know if there is a way of borrowing more,but if the bank has said no,how do you find someone who will lend you more than the bank?
And can they garantee you the figure they say they will lend you,or do you run the risk of building your hopes up to be let down when you have found the house of your dreams?
