Why Your Home Loan Will Get Declined and How to Avoid It

[@vivalunt]

This country needs a revolution…

[@MyausomeGerard]

Hi I would like to ask because we have an approved home and land package, We are paying for the land for 7 mons now. We have a problem with our build. We were supposed to start last Aug but the permit was not approved. Our build is going to cast a shadow to the established houses. So we have to change to a single storey house. I would like to know. Do we have to reapply for the loan or just update the bank?thanks

[@MortgageBrokerAustralia]

Thanks Grace, that's a great question. It would be wise to let the bank know of the changes. They'd likely need to complete a new valuation as well as update the loan approval. So yes, they will need to most likely re-assess the application.

[@nushydude]

Does the bank require credit card statements as well?

[@MortgageBrokerAustralia]

Each bank is different with assessment, some will and some won't need a credit card statement. Thanks for watching :)

[@nushydude]

@@MortgageBrokerAustralia No, thank you. Very informative video as always. What about investments? Do you need to declare them?