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LEZLI

1 year ago

Hi Bhupender. I can get you 95% for 3.67% with .02% discount to 3.65% variable. During construction you will pay Interest only till the house is finished. Contact me & I'll help you. I'm in Vic also. Hope you didn't sign contracts before today 1/7/17 as you will not pay stamp duty & get FHOG $15K. Talk soon. Kindest regards. Lezli

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Anita

1 year ago

Hi please call me and yes I can absolutely help you with the purchase. Thanks Anita

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Tracey

1 year ago

Hi Bhupender. Building your first home can be an exciting time and it will come with its challenges. It is important to deal with a broker who is familiar with the construction process to guide you along the way. An advertised cheap rate is not always the best option as there are many other variables to consider i.e Will you have funds to complete land settlement? Will you need a lender who will advance the first home buyers grant.There are limited lenders who offer fixed rate options for building and the revert rate also needs to be considered. Please contact me via my profile page if you would like to discuss in further detail. I work between Geelong and Ballarat and would be happy to meet at a time that is convenient to you

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Allan

1 year ago

Hi Bhupender, thanks for adding your income to your enquiry. However as stated before there are other factors that will need to be taken into consideration to ensure that you meet all requirements of the lender. In support of some of the other comments, we can also offer a fixed rate of 3.88% for 2 years but other fixed lending options do not offer construction as a feature of the loan, so be careful not to only look at the rate on offer. In regards to your deposit you will hopefully be aware of the changes that come into effect from today for Regional Victoria including the Darley area. You will no longer pay stamp duty for your land purchase & will receive $20,000 for the first home owners grant. The majority of lenders will still want to confirm that you have 5% of your overall construction cost. I highly recommend that you contact a Hashching broker via their profile to correctly assess your situation & borrowing power. Good luck Allan

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Daniel

1 year ago

Hi Bhupender. Has your land settled? If not settlements can be delayed and what rates you get today might not be applicable further down the track. Most brokers have the same lenders so take your pick. I am in Hoppers Crossing.

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Bhupender

1 year ago

Ok i want to let you know that mine annually income goes upto $72000. I hope it can help to find out better % rate. Thank you

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LEZLI

1 year ago

Hi Bhupender. I can do 1st home owner rate variable at 3.67% or Fixed 2 years at 3.69% with 250k reward points & credit card. Contact me via my Profile page. Kindest regards. Lezli

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kelvin

1 year ago

Afternoon - major lender from 3.88% fixed 2 years - this is for building with a fixed price building contract. Rule of thumb you need 10% when including stamp duty and LMI costs - do you have these > 5% saved ? If you are an owner builder - most lenders are to 80% - as there are generally overruns. If this ba mitigated - can ask lender to consider. Would need CV showing similar properties being build.

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Allan

1 year ago

Hi Bhupender Thanks for your question. Not all lenders in the market offer construction loans but at the moment I have a lender that will offer a varaible rate of 3.84% up to 95% for construction lending. Your income, deposit and other commitments would still need to be fully assessed to ensure that you meet with the lender's criteria. I am based in Geelong but service the Western Melbourne area including around Bacchus Marsh and would be happy to speak to you about this in further detail. I can be contacted via my Hashching profile which is: https://www.hashching.com.au/author/Allan-S1GajYXQfUh6IPCOe6gsYbkKmUyTjigCp_~~_1jbjqu_~_qU= Regards Allan

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Viktor

1 year ago

Bhupender, depends if you are owner builder or land and home package? If borrowing 95% - assume you have stamp duty costs covered and paying LMI ? Rates would vary, but would be in the low 4%. If you are building, you will need construction loan with drawdowns at various stages of the building process - this is interest only loan and assume you are OO purpose - circa 4.5%

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