I have ended up refinancing with Better Mortgage Management who under their mortgage management have have a low doc PAYG product.

Spiro…I guess its one of those things that we learn from our mistakes…and my mistake was to use a broker that obviously was not very experienced.What lenders dont have a problem with a one day ABN??

I wont waste any more of your time Terry. You have been a great help. I guess my last attempt at refinancing to a lower rate would be firstly to ensure that I can service the loan and then obtain an ABN???? then fingers crossed

Terry, When I first met the now infamous broker we went onto a computer site or prohram he has and it showed that my total incom could service the loan amount, and that took into consideration living expenses..I really appreciate your assistance with this. Ever since I was declined I have been rather disappointed and frustrated

Terry, does that mean I can go and get an ABN number and do a self declaration with Westpac…with only one day with the ABN??? I know its a long shot, but after hearing from both yourselfg and Richard it appears there is not much left for me

Is there a lender who would charge less than 8.57%?

Wow that was quick reponse Richard…I was hoping you werent going to say that… So no other lender will look at the deal? I want to ring up ANZ and agrue my case but I realise that would be pointless

Terry and Richard. I contacted a broker who was 'recommended' to me. I filled in a statement of position from ANZ and declared what I earn and from where. It was declined due to inability to support the loan. It frustrated me when I am paying my current loan which is about 2.5 % more than what ANZ were offering. The broker told me I should have…[Read more]