Proof for bonus point ?A$100,000.00
May 19th 2003, 8:47 am
#16
Guest
Posts: n/a
Re: Proof for bonus point ?A$100,000.00
Why don't you arrange some extra mortgage finance based on the equity
in your house?
Once you are asked to pay the bond, you are unlikely to have enough
time to complete a sale within DIMIA's deadlines.
Jeremy
>On Tue, 20 May 2003 12:38:54 +0000, ohsohopeful wrote:
>Similar situation here.
>We've indicated that we'll be investing the $100,000 and haven't been
>asked to prove that we have it. But we will need to sell the house
>to get it.
This is not intended to be legal advice in any jurisdiction
in your house?
Once you are asked to pay the bond, you are unlikely to have enough
time to complete a sale within DIMIA's deadlines.
Jeremy
>On Tue, 20 May 2003 12:38:54 +0000, ohsohopeful wrote:
>Similar situation here.
>We've indicated that we'll be investing the $100,000 and haven't been
>asked to prove that we have it. But we will need to sell the house
>to get it.
This is not intended to be legal advice in any jurisdiction
May 19th 2003, 8:15 pm
#17
Just Joined
Joined: May 2003
Location: Wirral
Posts: 27
Thanks team,
I was kind of hoping in a very naive way that you would only have to be ABLE to put up the money and not actually do it...
Ah well, what a pi**er they raised the bar in September by 5 points, would have all been so easy....
Johnno
I was kind of hoping in a very naive way that you would only have to be ABLE to put up the money and not actually do it...
Ah well, what a pi**er they raised the bar in September by 5 points, would have all been so easy....
Johnno
Last edited by John Haines; May 19th 2003 at 8:20 pm.
May 19th 2003, 8:19 pm
#18
Ex Mod (2002-2005)
Joined: May 2002
Location: NSW
Posts: 5,464
Originally posted by John Haines
Ah well, what a pi**er they raised the bar in September by 5 points, would have all been so easy....
Ah well, what a pi**er they raised the bar in September by 5 points, would have all been so easy....
May 19th 2003, 9:29 pm
#19
Finally made it
Joined: Jan 2003
Location: Perth
Posts: 210
We were in the same situation when we had to post our bond in March. Knowing that this was coming, in January I phoned our lender and explained the circumstances and asked for a further advance which we would repay when we sold the house. After a chat on the phone, they sent us the necessary forms which we completed and returned. They then sent us our acceptance etc and said that all we had to do was return the signed acceptance when we were ready and the money would be deposited 48 hrs later.
Everything went according to plan and we had no hiccups. I would recommend sorting it our in advance though, maybe once you've had request for medicals?
Steph
Everything went according to plan and we had no hiccups. I would recommend sorting it our in advance though, maybe once you've had request for medicals?
Steph
May 20th 2003, 12:38 am
#20
Bubble blowing member
Joined: May 2003
Location: Townsville, QLD
Posts: 312
Similar situation here.
We've indicated that we'll be investing the $100,000 and haven't been asked to prove that we have it. But we will need to sell the house to get it.
It's already on the market and we haven't had the request for police and medicals yet. At least it means there's no rush to sell it straght away and if it sells early, we'll just leave early and wait for it to go through!
RISKY? Not much.....
Anyone else doing this or are you all being very sensible and not selling up until you know you've got it?
We've indicated that we'll be investing the $100,000 and haven't been asked to prove that we have it. But we will need to sell the house to get it.
It's already on the market and we haven't had the request for police and medicals yet. At least it means there's no rush to sell it straght away and if it sells early, we'll just leave early and wait for it to go through!
RISKY? Not much.....
Anyone else doing this or are you all being very sensible and not selling up until you know you've got it?
May 20th 2003, 1:49 am
#21
Forum Regular
Joined: May 2003
Posts: 240
My agent says that I dont need to actually pay the 100k , just be willing to pay at time of application? Im a bit concerned about this, as Im smack on border line with points , but my agent says it will do no harm in ticking the yes box against 100k??
Lets just say that I have just enough points , are they going to ask for the money anyway??
Lets just say that I have just enough points , are they going to ask for the money anyway??
May 20th 2003, 3:12 am
#22
Account Closed
Joined: Jan 2003
Posts: 759
Originally posted by itsasecret
My agent says that I dont need to actually pay the 100k , just be willing to pay at time of application? Im a bit concerned about this, as Im smack on border line with points , but my agent says it will do no harm in ticking the yes box against 100k??
Lets just say that I have just enough points , are they going to ask for the money anyway??
My agent says that I dont need to actually pay the 100k , just be willing to pay at time of application? Im a bit concerned about this, as Im smack on border line with points , but my agent says it will do no harm in ticking the yes box against 100k??
Lets just say that I have just enough points , are they going to ask for the money anyway??
