I read an article in Domain that AFG were down 1.4 billion dollars in monthly loan lending, has anybody heard similar we are trying to get a refinance done on a new project and god the banks are putting us through the ringer ??
Yes, it is very hard to get finance approved these days. Very painful unless you are a average person – 1 house 80% lend, paye for x years etc etc
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
AFG take the average broker who has been around for 5 minutes and is probably wanting a lot of hand holding.
The sort of Broker that deals with a lot of mum and dad First Home Buyers.
Basis on this i can understand the numbers.
Your more sophisticated Broker whose clients are made up of investors, higher net worth clients with some equity is probably busier now that ever before with the demand for finance. I know my levels are up 160% for Jan compared to this time last year.
Terry is right however as soon as mortgage insurance is mentioned expect to put through the ringer.
Richard Taylor | Australia's leading private lender
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