Got an Answer?
I know plenty of people that have been rejected after being conditonally approved, sorry that it's probably not what you want to hear. Good luck!
Did you use a broker? They are pretty good at making sure you get over the line
I hear you we are going through something similar and we totally got fu***d up by mortage brokers 😕 So we stuck with our bank and I called today to see if how things are progessing and they told me that its gone to the insurers to see what sort of risk we are....We should know by Tuesday 😳 Good luck OP x
it's usually mortgage insurance that declines. we were conditionally approved but then the gfc hit and insurance brokers became panicked and we were declined (approved for $600,000 applying for $320,000). Got an approved loan with a week later with a different insurance firm.
We didn't have ours rejected but they came up with all these other docs we had to provide and they wanted my husbands hecs debt paid out. Luckily we were able too as this may have been a deal breaker
We got a loan when i was on maternity leave with 1 income. My centrelink payments, though not much, still contributed to our income
So the only wage they will take into account is my husbands. If i went for this same loan in like 6wks it wouldnt be an issue but obviously im on time restrictions with the settlement dates 😕