Vic Wasteland Thread

[joeyjoejoejuniorshabadoo]

Bank valuations should never be made privvy to the client although some banks allow it.

It's for litigious reasons.

I wpuld never let a client know... you think it's bad for a house try explaining to someone you aren't telling them what the commercial val is when you just charged 10k for it

[joeyjoejoejuniorshabadoo]

capped repayments?

So why don't NAB just offer it themselves...

How low you rekin I could get CBA to drop it (without capping repayments), and what's the best way to get em to do it?

CBA, just speak to them. They are some of the best with rate matching. Their bankers have more pricing discretion than most.

[dezz]

Yeah but do I need a rate from someone else for them to match? Or just call up and say I want it lowered or I'll go somewhere else

You've confused me with the LVR shit now too, I'd imagine it's better to have a lower ratio, ie you owe f**k all but your house is worth heaps...

Pretty sure I'm well under 80% even without knowing the value of this place

Even if it hasn't gone up a cent since I built it, I'm well below 80%.

They're selling blocks of land across the road for a new estate, might go sus out what they're worth to give me an idea of what my block is worth now

[joeyjoejoejuniorshabadoo]

The lower the better. That's all you need to know

[joeyjoejoejuniorshabadoo]

Just go in with U bank's offer and tell them you will jump ship but would like to see if they can match it or at least come close as you really like the CBA service.

They wont beat it, but they might drop your rate

[HEKT1K]

was gonna go fixed to get a lower rate but they cap the repayments so no point...

Baller

[alr33x]

Banks value at contract price - for purchase anyway never more and almost never less unless you over pay big time

Capped is shit I went variable cos same problem could only pay max 5% over per annum how spose to pay off fast with that shite I'm with Macquarie think the variable is down around 4.5 now they sent me a letter the other day but eh just keep payin same as original

[joeyjoejoejuniorshabadoo]

We don't lend without a full val. Contract price could be anything.

[dezz]

They sent the valuer out to inspect so I don't think they're going off what I paid... If they take into account shit I've done like landscaping, concrete, air con etc it'd have to be worth a bit more than it cost to build, and I'd say the land has gone up even if only a little. Will have to sus out the blocks across the road to get an idea...

She said she's pre approved me for around $400k to buy a rental so I can't be doing too badly in their eyes.

Have since changed plans since meeting with her though.. Instead of buying a place solely to rent out, I figure I'll buy a block in an area I wanna live, build a new place there then rent this one out... Just need to find a wide block in the area I want, need the width to fit a triple garage..

[Down_Shift]

Feeling lonely as I can't contribute to home loan torque.

#livingwithpoppamommalyf

[Rekin]

They sent the valuer out to inspect so I don't think they're going off what I paid... If they take into account shit I've done like landscaping, concrete, air con etc it'd have to be worth a bit more than it cost to build, and I'd say the land has gone up even if only a little. Will have to sus out the blocks across the road to get an idea...

She said she's pre approved me for around $400k to buy a rental so I can't be doing too badly in their eyes.

Have since changed plans since meeting with her though.. Instead of buying a place solely to rent out, I figure I'll buy a block in an area I wanna live, build a new place there then rent this one out... Just need to find a wide block in the area I want, need the width to fit a triple garage..

Banks usually hand out pre approval at 80% LVR.

Talk to a mortgage broker, they'll push it to 95% LVR; meaning greater loan for smaller equity/deposit.

[Miguelone]

Yeahhh m8888 V8's!

Fark the JDM's

Saw this on friends facebook post. Apparently the admins drive ADM Jap cars

*Note not a member of the club, there seems to be a billion different facebook groups

My cars so ADM it's even on my numberplates

But I bet being turbro would still be allowed in their 'fancy' JDM tyte yo club.

[joeyjoejoejuniorshabadoo]

Banks usually hand out pre approval at 80% LVR.

Talk to a mortgage broker, they'll push it to 95% LVR; meaning greater loan for smaller equity/deposit.

With higher risk and likely worse rates.

No one (virtually) is going to lend at 95% without LMI which at $400k will slug you an extra $8-10k

As an investment property that you may want to sell at any time depending on the market it is unwise to gear it so highly. For an owner/occupier it's more logical as you intend to live there for a while.

[joeyjoejoejuniorshabadoo]

Better move to have a 400k investment prop geared at 80% than a $500k investment prop geared at 95%. It's not like you are living in it enjoying the nicer peoperty.

[joeyjoejoejuniorshabadoo]

The housing market is where Al and I swap. Here he's all "spend spend spend, don't worry about the future" and I'm 100% conservative.

Lol

[Birds]

I always had you picked as a bear Hamish

[Leroy Peterson]

Porridge is too hot this morning

[joeyjoejoejuniorshabadoo]

I always had you picked as a bear Hamish

it's the beard isn't it

[Plattsy]

f**k mortgages. just pay cash.

[ARTZ]

Also Simon fast n loud is a sick show!

I recommend getting on it peeps.

Farken Optus, find out 2 weeks after signing up for another 2 years of fetch tv that discovery turbo has been dropped from their line up...Not happy

Has anybody tried this new Maxthon browser...seems pretty good so far..