Home loan turned down by MII
#1
Home loan turned down by MII
Hi
Our home loan was agreed by the company but turned down by Mortgage Indemnity Insurers mainly because 1 of us on a temp contract, even though both professionals. (Buying in WA)
Any advice please!!!! Desperately don't want to lose the house we were buying
Thanks in advance
Our home loan was agreed by the company but turned down by Mortgage Indemnity Insurers mainly because 1 of us on a temp contract, even though both professionals. (Buying in WA)
Any advice please!!!! Desperately don't want to lose the house we were buying
Thanks in advance
#2
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: Home loan turned down by MII
Will be interested to hear what people suggest here. I haven't been in this position so can't comment.
What I can do though, is reassure you that there are hundreds of thousands of great homes in Australia, at all prices and in all areas. If you miss out on this one, it'll be annoying, but its not the end of the world.
good luck,
Mark
What I can do though, is reassure you that there are hundreds of thousands of great homes in Australia, at all prices and in all areas. If you miss out on this one, it'll be annoying, but its not the end of the world.
good luck,
Mark
#3
Re: Home loan turned down by MII
Shop around. Even though we had 60% deposit some lenders would not lend to us as I had only just moved contract to staff.