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  • zanesmith
    Participant
    @zanesmith
    Join Date: 2020
    Post Count: 0

    Hi all

    So i gave $1000 to the land agent $2000 to the builder and the whole cost is $395000.i have $23k in the bank and putting away upto $1000 a month.

    Combank ran my credit and the computer says NO.

    What do i do now………..

    I was told low deposit was $15k plus fhb

    Or pay LMI of upto an extra $7k

     

     

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Any idea why the computer said no? Maybe LVR too high?

    That’s where I would start… and then check around, as maybe another lender has a risk appetite that suits.

    Also suggest you try Chris Berry: http://www.PropertyInvestingFinance.com

     

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Colin RiceColin Rice
    Participant
    @fms
    Join Date: 2011
    Post Count: 338

    Combank ran my credit and the computer says NO.

    A mortgage broker can get a copy of your file for free IF you engage their services.

    This will reveal all and you can then find a suitable lender and if none available you can look at getting it repaired by a reputable credit repair company.

    Colin Rice | CDR Finance
    http://cdrfinance.com.au/
    Email Me | Phone Me

    Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]

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