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My bank rejected my home loan application. What do I do now?

Finding out why is the first thing and then addressing those issues. It maybe affordability, equity, stability or credit history that has been assessed negatively by the lender.  Banks want to approve finance and generally don’t reject you without good cause.

If you believe that they have erred in their assessment you can complain to the Banking Ombudsman after seeking clarification from the Bank.

You can also see a Finance Broker who may be able to find alternative finance with a lender that has different assessment criteria.

Call Your Local Finance mortgage broker on 1300 787 665 to discuss your options         


 

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