Cam replied to the topic IP Deposit help in the forum Help Needed! 8 years, 10 months ago
Since APRA threw a spanner in the works last year. You will probably find that interest rates are a fair bit higher when borrowing 90% compared to 80%..(My last property I got a I/O 4.49% on 90% LVR, 3 year honeymoon rate and was pretty happy with that) Keep in mind that you will need to factor in LMI as well when borrowing over 80% LVR (this…[Read more]
Cam replied to the topic Approval pending property valuation. in the forum Finance 8 years, 11 months ago
Thanks for all the responses. Valuation came back spot on my offer amount and I received formal approval later that day.
Cam replied to the topic Approval pending property valuation. in the forum Finance 8 years, 11 months ago
Thanks Guys,
I got it for a price cheaper than similar properties. Building inspection came back good. No other external risk factors. I guess I’m just being super cautious. I hate being so close to the deadline
Regards,
CamCam started the topic Approval pending property valuation. in the forum Finance 8 years, 11 months ago
Hi all,
I have exchanged contracts on a property and have a few days left on the cooling off period. I have approval on the loan (90% LVR) pending valuation on the property. I am just curious, what is the “pass mark” that banks would approve the loan on ? When the offer was accepted on the property. The RP Data valuation was 20k higher than what…[Read more]
Cam became a registered member 8 years, 11 months ago
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