JETURBO ...JD TUNING ADELAIDE... Gold Donating Members 23,708 Member For: 16y 10m 13d Gender: Male Location: Adelaide Posted 26/10/12 03:24 AM Share Posted 26/10/12 03:24 AM (edited) Pe approval = means fark all in the grand scheme of itTrust me banks are fukkerz Edited 26/10/12 03:25 AM by JETSNOT Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315092 Share on other sites More sharing options...
Never had any say Panda I <3 Floods Silver Donating Members 11,198 Member For: 13y 8m 13d Gender: Male Location: South West QLD Posted 26/10/12 03:26 AM Share Posted 26/10/12 03:26 AM Yeah I got told that jet.. I'm fairly sure we'll get the loan we're chasing.. Have a fair chunk of a deposit.. Just wondering how many more hoops I need to jump through.. I'm sick of reading paperwork Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315094 Share on other sites More sharing options...
Mrs Jeturbo Bob the Freaking Builder Donating Members 10,813 Member For: 15y 7m Gender: Female Location: SA Posted 26/10/12 03:29 AM Share Posted 26/10/12 03:29 AM basically pre approval is subject to so much... hence why if you've ever sold a house by auction it falls through a lot!!!!once u have pre approval it then depends on all the info u gave being right then the mortgage people double checking how many sh*ts you take in a day... if u said 1 and thy find out it's 2 your fukd!!!it also depends on the property... e.g. I had pre approval for x amount but only if I built not bought or the property itself and weather they are happy to lend against it...I got pre approval and it took so long to get formal approval and to this date they are booking an inspection on the house again to make sure they're willing to release the final installment.... and I have one of the best brokers in Australia who is a director or a major company. so to answer your question..... yes and no Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315097 Share on other sites More sharing options...
Never had any say Panda I <3 Floods Silver Donating Members 11,198 Member For: 13y 8m 13d Gender: Male Location: South West QLD Posted 26/10/12 03:35 AM Share Posted 26/10/12 03:35 AM Haha.. No worries.. Thanks for the heads up..Basically we asked for pre-approval to get an idea oh how much they'd loan us.. (Apparently alot more then either of us expected).. However I did understate my income intentionally on the application.. I skipped out all travel allowances and stuff like that as there is no guarantee I'll do that much in the future.. We just really wanted to get approval and get the wheels turning prior to the wife stopping work.. Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315104 Share on other sites More sharing options...
JETURBO ...JD TUNING ADELAIDE... Gold Donating Members 23,708 Member For: 16y 10m 13d Gender: Male Location: Adelaide Posted 26/10/12 03:37 AM Share Posted 26/10/12 03:37 AM Long road ahead if the end bank wants to be a dick Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315106 Share on other sites More sharing options...
Mrs Jeturbo Bob the Freaking Builder Donating Members 10,813 Member For: 15y 7m Gender: Female Location: SA Posted 26/10/12 03:41 AM Share Posted 26/10/12 03:41 AM they will usually give u pre approval for more than u van actually get unfortunately... I got pre approved for 300k on my income only... from one broker....when reality kicked in and I chose an actual decent broker and not a bank I got approved for 230k with a 50k deposit....just depends who u go thru... my advice... get an awesome broker... worth their weight in gold... I haven't lifted a finger the whole process .. also... allowances don't count... I earnt $20 k more than the bank would count as my income... $10k in commissions and 10 in allowances....they only take your base wage that's all... anything else is not considered guaranteed income .... Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315107 Share on other sites More sharing options...
Never had any say Panda I <3 Floods Silver Donating Members 11,198 Member For: 13y 8m 13d Gender: Male Location: South West QLD Posted 26/10/12 03:52 AM Share Posted 26/10/12 03:52 AM They've always taken my overtime and personal business income for everything else as it's been consistent for 12-15 months.. Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315114 Share on other sites More sharing options...
Mrs Jeturbo Bob the Freaking Builder Donating Members 10,813 Member For: 15y 7m Gender: Female Location: SA Posted 26/10/12 03:57 AM Share Posted 26/10/12 03:57 AM (edited) mortgages go on worst case scenario... like if u were on compoe for 3 months you'd only get paid your base...jets done 10 years worth of consistent over time worth sh*t loads... they don't count it... even though there's 3 years of pay slips ... same as me... I was at company for years and no over time counts... finance companies can count it I believe on loans for other Sht like cars and crap but I'm my experience home loans is a nohappy to be proved wrong... every industry is different aswell so might be different... not sure about personal income but over time with any bank is a no for every one I've ever talked to Edited 26/10/12 03:59 AM by Princess Fluffy Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315119 Share on other sites More sharing options...
Never had any say Panda I <3 Floods Silver Donating Members 11,198 Member For: 13y 8m 13d Gender: Male Location: South West QLD Posted 26/10/12 04:00 AM Share Posted 26/10/12 04:00 AM Cool.. Thanks for the info Fluffa.. On base salary shouldn't be too bad.. But I might even just go to a broker see what happens.. Been with the same bank since I was 12 so I haven't really shopped around much.. 1 Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315122 Share on other sites More sharing options...
sexual harrassment panda I see a red door and I want to paint it black Donating Members 5,919 Member For: 15y 5m 19d Gender: Male Location: Far north queensland Posted 26/10/12 04:00 AM Share Posted 26/10/12 04:00 AM On 26/10/2012 at 3:23 AM, Sharp Dressed Panda said: Hey question to you more knowledgeable ones.House finance question: Is "Pre-approval" actually worth the paper it's printed on? Just got pre-approval as quite a few of the houses that have taken my wifes eye are auctions.. There was a sh*t load of paperwork involved.. Is it as simple as going back to the bank after an auction saying "We like this house, we need this much"..Mine was subject to them getting a valuation and ensuring that if I defaulted they wouldn't lose out.Wasn't preapproval over the net, went into the bank and got it Link to comment https://www.fordxr6turbo.com/forum/topic/44361-the-off-topic-thread/page/4794/#findComment-1315123 Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now