Search found 3 matches

by Duran R
Fri Jun 07, 2019 1:53 pm
Forum: Home Loan Forum
Topic: What's the process like when applying for a mortgage with an untitled land?
Replies: 5
Views: 852

Re: What's the process like when applying for a mortgage with an untitled land?

The developer we hired is a good reputable builder, so no worries on that end. Since buying the land last year in Feb., we’ve been saving up and reducing our debt simultaneously. What if the bank’s valuation comes below our purchase price? Will they use their valuation or our purchase price to deter...
by Duran R
Fri Jun 07, 2019 12:01 pm
Forum: Home Loan Forum
Topic: What's the process like when applying for a mortgage with an untitled land?
Replies: 5
Views: 852

Re: What's the process like when applying for a mortgage with an untitled land?

What’s the sunset clause? Do I really need to hire a solicitor to look at the contract?
by Duran R
Thu Jun 06, 2019 8:27 pm
Forum: Home Loan Forum
Topic: What's the process like when applying for a mortgage with an untitled land?
Replies: 5
Views: 852

What's the process like when applying for a mortgage with an untitled land?

Hi, I’m purchasing an off the plan untitled land located in Armstrong Creek, VIC. The land is 336m2 and expected to title by May of next year. I have the contract of sale with me and I’m ready to put down a 10% deposit. But before I sign the contract, I want to know what’s the process like when appl...

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