Our Brokers did a real sweet deal for us with Westpac, overall we would start off with 3 loans but end up with just the 1 loan. Our first loan would be a refinance on our existing property along with a third of the money required for the land, the second loan would be soley for the remaining finance for the land whilst the last loan would be for construction and the absorbtion of the second loan.
While the deal was good, we are not too sure what to think about the bank itself....I think we have supplied Tony's income details about 4 times so far.
At the moment we actually have no loans running as we sold our townhouse and paid back loan 1 keeping the land portion aside and our land has not settled yet so obviously construction hasn't started.
In August we had to resubmit Tony's income details as it had been 6 months since approval was first granted, this was not a problem as since the original application he had gone full time and was therefore earning more money. Thankfully it went through without a hitch.
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