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  • Profile photo of john_ijohn_i
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    @john_i
    Join Date: 2009
    Post Count: 5
    February 3, 2010 - 8:41 am

    Maybe you should ask the help of a mortgage broker to help you find a suitable lender who is willing to refinance your loan.  You just haven't found the right broker yet….

    Profile photo of john_ijohn_i
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    @john_i
    Join Date: 2009
    Post Count: 5
    January 29, 2010 - 6:23 am

    There are a lot of banks and lenders out there with different requirements. However, they usually require 6 months continuous employment. But some will give you a home loan even if you have been employed for only a month or a few weeks.

    Profile photo of john_ijohn_i
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    @john_i
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    Post Count: 5
    January 25, 2010 - 2:51 am

    Best thing is to consult a mortgage broker.  The interest rates change so often, and there is no list readily available directly to a prospective borrower.  You can go bank to bank though, but that will take time.

    Profile photo of john_ijohn_i
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    @john_i
    Join Date: 2009
    Post Count: 5
    January 20, 2010 - 7:50 am

    Hi there,

    Yes banks seem to be tight nowadays. However, I think banks don’t often change their valuations. From the facts that you have given it seems that you are unhappy with the valuation given to you by that particular bank.

    You should be open to other options though, maybe another bank or lender may give you better value for your property. My only advice would be to try another bank or lender, and let them conduct their own valuation. You may be rewarded with a valuation you are happy with. You really can’t expect any pattern as every bank has its own valuation procedures that they seldom divulge to prospective borrowers.

    Your best bet would be to try another bank.

    Good luck!

    Profile photo of john_ijohn_i
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    @john_i
    Join Date: 2009
    Post Count: 5
    December 21, 2009 - 1:19 am

    Generally it is not possible to get a guarantor loan with the use of low doc.  But there is a way in some instances to do this.  What one should do is have the guarantor take a loan on their property, and lend it to you.  This money loaned can be used as deposit.  This means that your guarantor will be borrowing 20% of the loan while you borrow the final 80%.

    Hope this helps!

    Cheers!

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