OHbaby! Forums : mortgage lenders - do you think??.... https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Fri, 08 May 2026 08:01:58 +0000 Sat, 23 Aug 2008 15:01:55 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.05 360 https://www.ohbaby.co.nz/forum/RSS_post_feed.asp?TID=20227 <![CDATA[OHbaby! Forums]]> https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ <![CDATA[mortgage lenders - do you think??.... : awsome! thanks for the hints!!...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473512&title=mortgage-lenders-do-you-think#473512 Author: BaAsKa
Subject: 20227
Posted: 23 August 2008 at 3:01pm

awsome! thanks for the hints!! i need all the help i can get! lol

hahahaha im already stressing to the max! lol i may just die of stress very soon! ]]> Sat, 23 Aug 2008 15:01:55 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473512&title=mortgage-lenders-do-you-think#473512 <![CDATA[mortgage lenders - do you think??.... : Hint - make it a 10 working day...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473508&title=mortgage-lenders-do-you-think#473508 Author: minik8e
Subject: 20227
Posted: 23 August 2008 at 2:52pm

Hint - make it a 10 working day finance/valuation clause, and then settlement either the week after that, or 2 weeks. We had 5 working days for the finance and then a further 5 working days before settlement (so all docs to be prepared, sent, signed, returned etc). Not recommended. Especially if it's your first time. I stressed to the max, and I've worked in the house sales/purchases field for 7/8 years. Hehehehe]]> Sat, 23 Aug 2008 14:52:34 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473508&title=mortgage-lenders-do-you-think#473508 <![CDATA[mortgage lenders - do you think??.... : minik8e wrote: It sounds far...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473500&title=mortgage-lenders-do-you-think#473500 Author: BaAsKa
Subject: 20227
Posted: 23 August 2008 at 2:34pm

Originally posted by minik8e minik8e wrote:



It sounds far more complicated than it actually is!! Just don't do what we did and have a grand total of 2 weeks from signing the agreement to settlement....it's just not worth it stress-wise!!


lol! that IS what we may do! lol we have already found a house (we wernt actually looking so it kind of fell in our laps!) and we are meant to be signing the agreement subject to finance, the landlord changing some things, valuation and my lawyer looking over it!

I tell ya!! im so confussed!!! its all very stressful and confussing!!!]]> Sat, 23 Aug 2008 14:34:32 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473500&title=mortgage-lenders-do-you-think#473500 <![CDATA[mortgage lenders - do you think??.... : We had the approval from SBS and...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473401&title=mortgage-lenders-do-you-think#473401 Author: minik8e
Subject: 20227
Posted: 23 August 2008 at 11:11am

We had the approval from SBS and had to wait about 3 days I think it was, to get the approval from Housing NZ. Then once you've got that and you've signed up to buy the house, that needs to be sent to Housing NZ for approval too, with a copy of the valuation etc. So even if you have "approval" make sure you make your Agreement conditional on finance, because they have to approve the particular property as well....

It sounds far more complicated than it actually is!! Just don't do what we did and have a grand total of 2 weeks from signing the agreement to settlement....it's just not worth it stress-wise!!]]> Sat, 23 Aug 2008 11:11:54 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473401&title=mortgage-lenders-do-you-think#473401 <![CDATA[mortgage lenders - do you think??.... : minik8e wrote:Housing NZ can...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473347&title=mortgage-lenders-do-you-think#473347 Author: BaAsKa
Subject: 20227
Posted: 23 August 2008 at 9:46am

Originally posted by minik8e minik8e wrote:

Housing NZ can be a little slower than the Bank though. Good luck!!


oh really!? that gives me a little bit of hope because everone had been saying that it takes 24hrs to get an answer and this morning it has been 48hrs! with any luck we will have some good news on monday! ]]> Sat, 23 Aug 2008 09:46:28 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=473347&title=mortgage-lenders-do-you-think#473347 <![CDATA[mortgage lenders - do you think??.... : Ohhhh how cool!! Housing NZ can...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472948&title=mortgage-lenders-do-you-think#472948 Author: minik8e
Subject: 20227
Posted: 22 August 2008 at 4:25pm

Ohhhh how cool!! Housing NZ can be a little slower than the Bank though. Good luck!!]]> Fri, 22 Aug 2008 16:25:05 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472948&title=mortgage-lenders-do-you-think#472948 <![CDATA[mortgage lenders - do you think??.... : will definately go to another...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472747&title=mortgage-lenders-do-you-think#472747 Author: BaAsKa
Subject: 20227
Posted: 22 August 2008 at 1:19pm

will definately go to another broker if we dont make it in to this loan.
I just spoke to the bank and everything seems good to go but they are waiting on word from housing NZ as to whether i have gotten in before cut off oh the stress!!!]]> Fri, 22 Aug 2008 13:19:37 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472747&title=mortgage-lenders-do-you-think#472747 <![CDATA[mortgage lenders - do you think??.... : I agree, try another broker, sounds...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472636&title=mortgage-lenders-do-you-think#472636 Author: kezplanet
Subject: 20227
Posted: 22 August 2008 at 10:37am

I agree, try another broker, sounds like he just didn't want to do any work and there are lots of brokers around.  Good luck!!]]> Fri, 22 Aug 2008 10:37:01 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472636&title=mortgage-lenders-do-you-think#472636 <![CDATA[mortgage lenders - do you think??.... : Try Mortgage Link we used them...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472535&title=mortgage-lenders-do-you-think#472535 Author: caliandjack
Subject: 20227
Posted: 22 August 2008 at 8:26am

Try Mortgage Link we used them and didn't have any trouble, and I have a Baycorp record against my name. ]]> Fri, 22 Aug 2008 08:26:30 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472535&title=mortgage-lenders-do-you-think#472535 <![CDATA[mortgage lenders - do you think??.... : LOL well we had more than one...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472528&title=mortgage-lenders-do-you-think#472528 Author: minik8e
Subject: 20227
Posted: 22 August 2008 at 8:23am

LOL well we had more than one I'm afraid, and got approval from the second lender that he approached. Any other brokers round your area? ]]> Fri, 22 Aug 2008 08:23:19 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472528&title=mortgage-lenders-do-you-think#472528 <![CDATA[mortgage lenders - do you think??.... : he was all keen until i told him...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472424&title=mortgage-lenders-do-you-think#472424 Author: BaAsKa
Subject: 20227
Posted: 21 August 2008 at 9:56pm

he was all keen until i told him that we had 1 mark against our credit rating and he scoffed and said "well you dont have much chance then" ]]> Thu, 21 Aug 2008 21:56:34 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472424&title=mortgage-lenders-do-you-think#472424 <![CDATA[mortgage lenders - do you think??.... : Really???? That&#039;s who we...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472106&title=mortgage-lenders-do-you-think#472106 Author: minik8e
Subject: 20227
Posted: 21 August 2008 at 3:13pm

Really???? That's who we went through, but our local guy of course. He was fantastic, worked his butt off, especially when we had 5 working days to get our finance approved, and we had to get a valuation in that time as well!!!]]> Thu, 21 Aug 2008 15:13:00 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472106&title=mortgage-lenders-do-you-think#472106 <![CDATA[mortgage lenders - do you think??.... : Yeah iv heard Westpac are hard...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472097&title=mortgage-lenders-do-you-think#472097 Author: BaAsKa
Subject: 20227
Posted: 21 August 2008 at 3:00pm

Yeah iv heard Westpac are hard as well as TSB.
I was thinking kiwibank may be the way...i just hope we can make it in!! im praying my butt off for it!!!

I originally went to mike pero to enquire but he basically said i was wasting my time! so i just went straight to SBS.]]> Thu, 21 Aug 2008 15:00:36 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472097&title=mortgage-lenders-do-you-think#472097 <![CDATA[mortgage lenders - do you think??.... : Hrmmm true. We approached Westpac...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472090&title=mortgage-lenders-do-you-think#472090 Author: minik8e
Subject: 20227
Posted: 21 August 2008 at 2:56pm

Hrmmm true. We approached Westpac (well, the mortgage broker did) and they flat out said no, but that wasn't Welcome Home Loan. TSB Bank are quite strict with their lending criteria. Possibly Kiwibank? They do Welcome Home Loans. As long as it's paid, it shouldn't be tooooo bad.]]> Thu, 21 Aug 2008 14:56:16 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472090&title=mortgage-lenders-do-you-think#472090 <![CDATA[mortgage lenders - do you think??.... : minik8e wrote:Errrr uh.....really???...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472078&title=mortgage-lenders-do-you-think#472078 Author: BaAsKa
Subject: 20227
Posted: 21 August 2008 at 2:47pm

Originally posted by minik8e minik8e wrote:

Errrr uh.....really??? My gosh, I hope it doesn't mean anything for the existing Welcome Home Loans!!! Sorry, selfish thought there.

How do you find SBS otherwise?? Also, remember that there are other banks that offer the Welcome Home Loan.


nop i dont think it will affect the existing ones. SHe didnt tell me much because she didnt know much but she said that its a problem with the head office so they arnt giving out anymore of those loans which is what worries me!

Im finding them to be great so far! She is lovely and very helpful!!

The only thing about going to another bank is the mark on my credit record so far i havnt heard anything good about the other banks in terms of accepting people with tarnished records...]]> Thu, 21 Aug 2008 14:47:50 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472078&title=mortgage-lenders-do-you-think#472078 <![CDATA[mortgage lenders - do you think??.... : Errrr uh.....really??? My gosh,...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472070&title=mortgage-lenders-do-you-think#472070 Author: minik8e
Subject: 20227
Posted: 21 August 2008 at 2:36pm

Errrr uh.....really??? My gosh, I hope it doesn't mean anything for the existing Welcome Home Loans!!! Sorry, selfish thought there.

How do you find SBS otherwise?? Also, remember that there are other banks that offer the Welcome Home Loan.]]> Thu, 21 Aug 2008 14:36:43 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472070&title=mortgage-lenders-do-you-think#472070 <![CDATA[mortgage lenders - do you think??.... : AnnC wrote: Did you get someone...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472067&title=mortgage-lenders-do-you-think#472067 Author: BaAsKa
Subject: 20227
Posted: 21 August 2008 at 2:34pm

Originally posted by AnnC AnnC wrote:



Did you get someone to do the figures for you though today so you can sleep easy


I had a terrible sleep last night!!!! because the bank manager rang me yesterday arvo to let me know that SBS is having some type of problem with housing corp and they are freezing the welcome home loans!!! could be for a week or could be for years!!! i was like WTF!!! (well...ya know...more politely put of course! lol) and she said that if i got all my info together by this morning then i might make it in but now im stressing my butt off about it!!!! firstly i may not even be accepted and secondly i may not make it in before the monday cut off!! ]]> Thu, 21 Aug 2008 14:34:06 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=472067&title=mortgage-lenders-do-you-think#472067 <![CDATA[mortgage lenders - do you think??.... : We get a child disability allowance...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=471669&title=mortgage-lenders-do-you-think#471669 Author: AnnC
Subject: 20227
Posted: 20 August 2008 at 7:58pm

We get a child disability allowance an for our mortgage (BNZ) they took it into an account.

On the broker side not all banks deal with them so you don't always get the best deal

Did you get someone to do the figures for you though today so you can sleep easy ]]> Wed, 20 Aug 2008 19:58:20 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=471669&title=mortgage-lenders-do-you-think#471669 <![CDATA[mortgage lenders - do you think??.... : Ask a broker, I&#039;m pretty...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=471620&title=mortgage-lenders-do-you-think#471620 Author: busymum
Subject: 20227
Posted: 20 August 2008 at 7:13pm

Ask a broker, I'm pretty sure they'd be able to include both - and WFF if you get those too.]]> Wed, 20 Aug 2008 19:13:43 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=471620&title=mortgage-lenders-do-you-think#471620 <![CDATA[mortgage lenders - do you think??.... : have you thought about going through...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=471611&title=mortgage-lenders-do-you-think#471611 Author: caliandjack
Subject: 20227
Posted: 20 August 2008 at 7:07pm

have you thought about going through a broker, as not all banks will lend in that situation, whereas a broker will find a lender to best suit your needs]]> Wed, 20 Aug 2008 19:07:12 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=471611&title=mortgage-lenders-do-you-think#471611 <![CDATA[mortgage lenders - do you think??.... : not to sure but i do know of a...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=471206&title=mortgage-lenders-do-you-think#471206 Author: ohanlon82
Subject: 20227
Posted: 20 August 2008 at 12:34pm

not to sure but i do know of a friend that gets a disability allowance and it was not taking into account when they went for a mortagage (ASB Bank)

best to talk to your bank about it ]]> Wed, 20 Aug 2008 12:34:44 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=471206&title=mortgage-lenders-do-you-think#471206 <![CDATA[mortgage lenders - do you think??.... : they can only go on what you get...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470928&title=mortgage-lenders-do-you-think#470928 Author: AnnC
Subject: 20227
Posted: 19 August 2008 at 9:09pm

they can only go on what you get NOW what you might get in the future.

best to get in touch with the bank/place where you plan to borrow from]]> Tue, 19 Aug 2008 21:09:41 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470928&title=mortgage-lenders-do-you-think#470928 <![CDATA[mortgage lenders - do you think??.... : We have a review in 3 years for...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470922&title=mortgage-lenders-do-you-think#470922 Author: BaAsKa
Subject: 20227
Posted: 19 August 2008 at 9:08pm

We have a review in 3 years for the disability so i guess its guaranteed till then??

How would they know how much acom sup to account for seen as it will go up quite a bit when we buy???]]> Tue, 19 Aug 2008 21:08:02 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470922&title=mortgage-lenders-do-you-think#470922 <![CDATA[mortgage lenders - do you think??.... : disabilty allowance can go towards...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470921&title=mortgage-lenders-do-you-think#470921 Author: AnnC
Subject: 20227
Posted: 19 August 2008 at 9:07pm

disabilty allowance can go towards your income if it is a regular payment/income (like sickness benefit, chil isability allowance etc...)]]> Tue, 19 Aug 2008 21:07:57 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470921&title=mortgage-lenders-do-you-think#470921 <![CDATA[mortgage lenders - do you think??.... : if it&#039;s a guarenteed income...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470916&title=mortgage-lenders-do-you-think#470916 Author: Two Blondinis
Subject: 20227
Posted: 19 August 2008 at 9:04pm

if it's a guarenteed income then they would have to take it into consideration?]]> Tue, 19 Aug 2008 21:04:23 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470916&title=mortgage-lenders-do-you-think#470916 <![CDATA[mortgage lenders - do you think??.... : Accom yes they do as that helps...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470913&title=mortgage-lenders-do-you-think#470913 Author: mummy_becks
Subject: 20227
Posted: 19 August 2008 at 9:00pm

Accom yes they do as that helps pay for your mortgage. As the other i'm sorry I don't know.

]]> Tue, 19 Aug 2008 21:00:56 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470913&title=mortgage-lenders-do-you-think#470913 <![CDATA[mortgage lenders - do you think??.... : ....they will include a disability...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470911&title=mortgage-lenders-do-you-think#470911 Author: BaAsKa
Subject: 20227
Posted: 19 August 2008 at 9:00pm

....they will include a disability allowance into our income???

how about our acommodation suppliment???

Im stressing my bum off at the moment!! it doesnt help that i have already fallen in love with a house that is an awsome value! ]]> Tue, 19 Aug 2008 21:00:06 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=20227&PID=470911&title=mortgage-lenders-do-you-think#470911