Search found 2 matches
- Mon Jul 15, 2019 7:55 pm
- Forum: Home Loan Forum
- Topic: Got knocked back by the mortgage insurer - 95 per cent home loan
- Replies: 3
- Views: 9472
Re: Got knocked back by the mortgage insurer - 95 per cent home loan
Exactly, what I was looking for. My tax returns for the recent financial year haven’t been filed yet. Will lenders accept older tax returns for income verification or do I have to file my tax returns before I can apply?
- Mon Jul 15, 2019 7:18 pm
- Forum: Home Loan Forum
- Topic: Got knocked back by the mortgage insurer - 95 per cent home loan
- Replies: 3
- Views: 9472
Got knocked back by the mortgage insurer - 95 per cent home loan
Hi, I’ve been investing most of my earnings into my business from which I earned well over $100,000 last year. So, I thought with property prices in my area where they are currently, it’s time for me to purchase another property. I approached my bank for a mortgage and the LO (loan officer) told me that even with a 5% deposit I wouldn’t be able to qualify for their mortgage. They told me its because of their mortgage insurer. I’ve already found a property I’m interested in. How do I qualify?