Search found 3 matches

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Thu Jun 20, 2019 7:26 pm
Forum: Home Loan Forum
Topic: I got declined by St George - Are there lenders that accepts 1 years' tax returns
Replies: 5
Views: 11888

Re: I got declined by St George - Are there lenders that accepts 1 years' tax returns

That’s great and all, but I would like some flexibility with my loan. In particular, I want to be able to refinance my loan to take advantage of better terms, interest rates etc?
by
Thu Jun 20, 2019 5:55 pm
Forum: Home Loan Forum
Topic: I got declined by St George - Are there lenders that accepts 1 years' tax returns
Replies: 5
Views: 11888

Re: I got declined by St George - Are there lenders that accepts 1 years' tax returns

I was reading your page and it says mortgage insurance applies for loans above 80%, while another page says 60. Am I missing something here? Also, are LMI and risk fee basically the same?
by
Thu Jun 20, 2019 3:56 pm
Forum: Home Loan Forum
Topic: I got declined by St George - Are there lenders that accepts 1 years' tax returns
Replies: 5
Views: 11888

I got declined by St George - Are there lenders that accepts 1 years' tax returns

Hi, my business did really well last year but the year before it was relatively new, so I spent a considerable portion of my income on growing the business that meant spending on training, HR and a bunch of capital assets. Essentially, I reinvested most of the business profits into the business only taking out living expenses. I applied for a home loan with St George and got declined (perhaps not the greatest timing). Nevertheless, are there any banks that accept 1-year tax returns?