You might ask what other things that is going on with us... we actually decided to built our dream home in Tarneit. We have been looking for a place to buy got the last 3 months. Why pay for someone else's home loan than to pay for you home that is really your. The initial plan was to find a house nearer to my workplace in Geelong. We inspected a few properties over there and were quite happy to commit to a house in Geelong. However, after a long hard discussion it was felt that if living in Geelong doesn't suit our need. Firstly, by living in Geelong, we would be limiting our future job opportunities to Geelong and we felt that Geelong is faraway from civilisation.
I approach Edwen to see if he has any good property around Tarneit. He took us to the showroom and immediately we felt that the size of the house suits our requirement. We selected a plot of land at "The Reserve" in Tarneit as we were told that settlement is due pretty soon. Settlement of land is due in a weeks time and building should commence in early January. And I was told that we would be able to move in by April or May. We made application for bank loan through a broker recommended by Edwen. Soon enough we hit roadblocks ...........At the time we applied for bank loan, the financial crisis hit the Australian market...banks were more conservative in their application. I virtually give them every available information pertaining to my financial position to the bank....Then my home valuation by the bank came in 10k short....one week before settlement...........Both of us were feeling the stress by now........how are we going to find 10k?.........Fortunately with some help from mates and mum we manage to pull it through..phew....................We finally have ownership of the land a week before Christmas. So now the journey begin
Looks like I would be spending a lot of my weekend checking the progress of contruction. Exciting times ahead........
I approach Edwen to see if he has any good property around Tarneit. He took us to the showroom and immediately we felt that the size of the house suits our requirement. We selected a plot of land at "The Reserve" in Tarneit as we were told that settlement is due pretty soon. Settlement of land is due in a weeks time and building should commence in early January. And I was told that we would be able to move in by April or May. We made application for bank loan through a broker recommended by Edwen. Soon enough we hit roadblocks ...........At the time we applied for bank loan, the financial crisis hit the Australian market...banks were more conservative in their application. I virtually give them every available information pertaining to my financial position to the bank....Then my home valuation by the bank came in 10k short....one week before settlement...........Both of us were feeling the stress by now........how are we going to find 10k?.........Fortunately with some help from mates and mum we manage to pull it through..phew....................We finally have ownership of the land a week before Christmas. So now the journey begin
Looks like I would be spending a lot of my weekend checking the progress of contruction. Exciting times ahead........
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