I’ve just heard that some brokers are turning back first home buyers due to the changing goal posts within the banking system. First home buyers are just to hard for some.
This is not surprising. Currently I have a first home buyer who has extended their finance four times. We are now at just over 30 days, when they were told by the banks that they were preapproved. When they applied the goal posts were changed. Frustrating.
If you are a first home buyer my recommendation is for you to go straight to the bank. Brokers have no loyalty to banks and hence, banks are not making life easy for their clients.
…ask Madeleine for more information bycommenting on this post. Cheers