Have you been declined a Home Loan?

January 01, 2024 at 10:56 AM

Applying for a credit card or personal loan can simply be done online without having to walk into a bank.

Home Loans are somewhat different in the fact that more information is required when completing a full application. You also need financial advice from a registered financial advisor whilst going through this home loan process. More and more applicants across NZ seem to be using Mortgage Financial Advisors or mortgage brokers than going directly to a bank.

If you have directly approached a bank and they have said no or have declined your submitted application, don't think this is the end of the road for you.

A mortgage broker or financial advisor should have a panel of lenders available to offer you some home loan options.

Your bank has one credit policy to follow and referred to this policy when assessing your application.

A mortgage broker/ financial advisor has a selection of banks and non-bank lenders with differing credit policies. The huge benefit for you as an applicant that has been declined, is we can use that ONE application you completed with us, to send to the next bank at a click of a mouse. You do not need to complete another application.

We also have the advantage of approaching a non-bank lender if a traditional bank declines your home loan application. 

So, give us a try - what have you got to lose?

Tags: declined home loan
Category: News Room