REFINANCING????

Depends on the lender and the percentage being lent but most will certainly want to come inside.

Cheers Richard
[email protected]
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Hey Cornel man, how ya doing? well lets put our networking skills together and those other BS stuff we did and at Russo and hack the computer at the bank, well i cant hack but we can always get Michael too, then he can enter your new evaluations and change those figures to some nice numbers.

just kidding man, besides the joke man, get an real estate agent or a Valuer, you can just look up the phone book for one of them, ask him if they are on all bank panels for evaluations and ask this person to give you a rough indication of how much your place is worth. Also it dont hurt to ask if i added this or if i do this, how much do you think the value of the place will go up. But hold out man, im still puttin my money on that many Sydney and Melbourne siders will go up north to brisbane cause prices down here are to high and too much, that the property prices in Brisbane will still keep on rising.

Another god tip man, go round to all the units now that are currently vacant or open to inspect, find ones that are similar to yours and that are asking for a high market value. Take pictures of these properties both inside and out. Record and date them. Then when the time comes for the Evaluation and you dont like the figures you get. Tell the evaluator and drive him to the units and show him the pictures of them inside. He wont be able to enter the unit, but you will have proof of the inside of the unit and the asking price, this can and possible push and increase your value even more up.

anyway i hope this helps man

still_in_school

Most refinancers, whether they be private or public, will ask for an internal valuation by one of their own proffesionals in the area. I guess a good idea woulld be to get your own valuation done on the house and then find what the average LVR (Loan to Value Ratio) for your area is. This can be done by enquiring through any refinancer who will tell you what % they lend to people against their house in your suburb. Most common is 80% unless you’re in a spacious rural area or a very dense part of inner city.
Once you know what you’re aiming for shop around until you find a lender who will go close to your need.
It’s sometimes good to go through a refinancer who deals with a lot of lenders as they can arrange for your money to come from a lender who has less restrictions based on LVR. This means you can borrow more against the valuation that has already been made.
Cheers,
Alex

Some banks do a drive by valuation. Others have very enthusiastic valuers who are looking to help get the loan through.

How much value adding are we talking here?

Cheers,

Simon Macks
Mortgage Broker
[email protected]
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

White Knight tile paint is fantastic for a quick bathroom reno. The can says not to use it on floor tiles however I do know someone who did and they dragged paint tins and ladders over it without damaging it.

Cheers,

Simon Macks
Mortgage Broker
[email protected]
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

The contractors like ‘mend a bath’ and those that redo the tiles for you won’t guarantee the floors (they do the rest), but I think that’s only cos people walk on them etc. and they get a whole heap more ‘use’.

Peter Spann is heavily into the above practice, and recommends that you do the floors as well, as it still works really well.

Cheers
Mel