Ive purchased a land around last year but havnt had a chance to build it up yet , but very soon is gonna happen since ive started a new job i was told that i have to wait the 3month period before getting a loan but then ive discussed this with my work mates and they said to just go through with the mortgage broker and problem solvered could this be right .??
So either way its gonna happen soon or later and as a first home buyer i cant wait..lol

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[SIGPIC][/SIGPIC]11.617 120mph

11 days and counting.....

Come on mr ripper.... let us little minnows into the home buying pond....

It either that or we buy your children... mwau hahahaha

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Ask not what you can do for your country.... ask what your bank balance is and go from there.....

They are partially right re. a mortgage broker. It may mean a LOW DOC or NO DOC loan which means you will have to come up with (in most cases) 20% or 30% deposit repectively and the interest rate will be higher.
I would see a mortgage broker regardless as they have more packages to offer.

Personally I use Westate Finance - Mark Davies is my contact. I always get excellent service from him.

Buy now, you pay stamp duty, pay after the proposed relief and the values will increase (marginally) but enough that the stamp duty offset won't make a lick of difference.

Be sure to have a thorough inspection for structure and termites by certified tradesmen. (new or old house makes no difference)

30 Day settlement, ensure you have finance approved FIRST, so when u find the one you can go cash unconditional IF you found 'the' place you want to live. Otherwise buy with your wallet not your heart, put in a subject to finance clause as a way out just in case. Go shopping and good luck.

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www.racewars.com.au

To add to that....all BRAND NEW homes come with a 6yr statutory warranty (Some come with 10yrs) provided by the builder which gives more peace of mind and with termite treatment being compulsory on all new homes you should have even less to worry about.

(PS. Anyone know why i'm stuck on 45 posts....its been like that for ages )

More details on him plz ???
ill give him ago see what happenes...

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[SIGPIC][/SIGPIC]11.617 120mph

Even if you are cashed up - NEVER put in a cash offer.
Always put in an offer subject to finance - otherwise you have absolutley no wait out if you change your mind.

PM SENT

did anyone go in with a guarentour? how much does this affect the purchase over not having one and going in yourself? with that who borrowed the 100 percent from the bank, and put little or no deposit down? its the way im lookign at going as my old mans going as guarentour, benefits? disadvantages?

Save your money till the end of the year. The market isn't going anywhere atm. It's flat lined!!! Some areas of Perth have even gone backwards! If you buy now, you will be paying interest on a property that will only benefit the bank & thus you are better saving for the next 9 months to see how the market adjusts!

But if you want to break into the market then head out to Pinjarra and buy yourself a cheap house with a nice big block. It's one area that will have positive growth in the next 2/3 years as the new freeway gets built!

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MY06 STi