i was wondering if anyone could help me with some estimations of costs. the costs i was interested in are legal cost, loan application fees, mortgage registration, mortgage duty, mortgage insurance, stamp duties, building inspections and initial repairs.
any help will be greatly appreciated.
thank you
Jerome Leray
Hi Jerome
These will vary from State to State so for most of the Govt related costs try the office of state revenue website in your State.
Mortgage Insurance is a single premium cost based on a sliding scale dependant on a number of factors which can include loan amount, LVR and in some cases whether the loan is principal & interest or interest only. If you want tell me the figures relating to your deal i can do a quick calculattion for you.
Application fees will vary from lender to lender and again depends on numerous factors.
Richard Taylor | Australia's leading private lender
Duplicated post
Richard Taylor | Australia's leading private lender
price 165000 @ 80% LVR. the house is in NSW.
thanks for your help
A guestimate is to allow for 4 to 5% of the cost of the property to cover everything.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.
