Home loan rejected? Here’s why

  • NOBODY likes to be rejected.

And while getting rejected by your bank might not be as painful as confessing your unreciprocated undying love, it can still be pretty heartbreaking. A home is more than mortgage to borrowers, so to save up for your dream home only to have your mortgage application declined, can be defeating.

These are the main reasons Aussie homebuyers get their home loans rejected and how you can avoid the heartbreak.



More and more first home buyers are relying on their parents to help out with a deposit, but banks need to see your own genuine savings.Source:News Corp Australia

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