Hi Ashley, Thanks for the detailed description. On the face of it I will be able to obtain an upfront valuation, match you with a suitable Lender and also structure the loan to minimise your Lenders Mortgage Insurance contribution. Please contact me if you wish to discuss your options.
Hi Ashley, I have accreditation with over 30 different lenders. I’m confident we can get a solution for you. Please call me to chat further
Hi Ashley. With the information given (thanks for the detailed synopsis) I believe there should be a suitable resolution for you. I'm very happy to look at this with my 30+ lenders and ensure the valuation and policy stacks up prior to any credit enquiry. Please make contact and I'll get some further information from you to ensure i understand fully your requirements and situation.
Hi Ashley there is a way we can utilise the $30k and get the house finished. Please contact me on find a broker to discuss further.
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Morris
Hi Ashley, Ok...your situation is not strange to me, there are a lot of policy variances between one lender to another. Based on the information provided and without knowing the details and exact location and size of your land, the following will have to be confirmed first: 1- land in Yanchep must not exceed 8 hectors as most lenders will only lend up to 80% for land above the 8 hector size and no funding available for land above 50 hectors, unless I take you to a none conforming lender. 2- sense you already own the vacant land, I will do your construction as an improvement loan, which means that we can get a valuation based on the home and land value not just the building contract valu****.this will factor in all features and inclusions in the house that will determine the final value of the house based on the current market and surrounding suburbs performance. I can also get your refinance and construction under the same package which means that we can go up to 95% LVR including LMI. You are currently on 91.5%LVR and we need to allow between 2-3% LMI Costs which can be capped onto your new loan. I am confident that your scenario is achievable and will not lodge your application prior to completing a full credit assessment and valuation to confirm your chances of a successful outcome.