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Hello all, I just have a quick question about financing. I make an offer on a property, it is accepted then I get unconditional approval (after valuation). If there are issues with the property or for whatever reason the offer is withdrawn before exchange and a offer 10K less is offered and...

If everyone knows that they get another chance to make an offer, they will not put in their highest offer, hoping they get it cheap. The one offer only policy forces people to give their best offer (and more) because they won't get another chance.

Yeah that's what I am worried about Jamie. No she has not had a bad experience with a broker at all. She has been in the job for about 7 months now. At what stage will I know if they are going to put a hit on my Credit file, will I be properly informed? Thanks for your help

Hey Everyone, My partner and I are ready to start looking for our first IP and we want to start the process off by getting pre approval. The problem is she's very conservative and does not want to use a broker, which sucks for me as I have so many available here! Basically we are live in...

This is probably a stupid question, but what it you go 50-50 in a property with someone else and they are planning to X-coll with their PPOR? We have the cash but I am not sure it they do, but then again they must have some equity otherwise the bank would not offer x-coll. They may just be...

I was just wondering is there anyway to save your searches on allhomes.com.au. It is a bit time wasting putting in all the suburbs everytime you want to search. I cant even seem to find a 'include sorrounding suburbs' option. Thanks,

Ohh, maybe I could use it for stamp duty, 11k would nearly cover for all I want. Wonder if that's possible

It doesn't really assist in the purchae of a home then does it lol, assists once you have purchased a home.

I think you can get both. If the bank took DHOAS into account, you think they could take HPAS into account :D. The three banks that do DHOAS, NAB, ADCU and Defence Bank should be fairly familliar with defence benefits.

Ohh ok, I've only done 5 years so I would be getting the lowest tier of 225p/m so about 5k lump sum.

Just wondering if anybody has had any dealings with the defence Home purchase assistance scheme. Originally we were going to purchase in IP, outside my posting locality however lately I have been thinking it may be better to purhcase a house in Queanbeyan and get the Defence Home Ownership...

Yeah that's wrong, but I can't say I have never done that:) Actually is quite common in areas where there are lots of 'non locals' per se. I think people don't really see it as stealing, 'we got a nice fire going here, nobody lives next door, son why don't you jump over the fence and grab...

But if budget is an issue, I would feel bad telling them everytime they called that i'm not interested and they would probably get pissed off too. Why don't you want to tell them your budget?

Aww, I don't like cats but pets are pets. I love my pets:)

As long as they give you reasonable notice they have the right to hold an inspection in the last two weeks of your tenancy. You can refuse before though.

Thanks everyone I now have a better understanding of how it all works. Does a broker also have to disclose which institutions they are working for? For example. there's an 80% chance that bank 'X' will approve the loan, and since the broker is affiliated with them they go ahead with it...

Hmmm interesting, I imagine there would be a small fee as well as a percentage of my repayments?

Ohh I wasn't really sure how it worked. Thats pretty cool:) Will propbably do that then.

Hey Mick, I plugged some postcodes into their location wizard and I can't seem to find any random remote place that they don't do LMI for under 250K? Just to clarify I won't be buying in a town under 5K pop.

Thanks Aaron. I think I will try and make it assured as possible before applying, as I do not want a hit to my credit file. I really need to learn more about the application process, maybe I will look at a broker though I'm not sure I can afford to lol.