Bank policies are out as borrowers are rejected left right and centre. Whilst banks have a policy to lend money it would appear that policies normally adhered to have been thrown out the back door as funding is now extremely hard to obtain.
Mortgage insurers have clamped down to the extent having a loan approved is a rarity. Seeking a loan in this ‘new’ economy must be done through an expert according to Edge Financial Services Managing Director Michael Woodworth.
Michael will be posting a series of Podcasts relating to finance in the Australian marketplace over the coming months. Keep an ear out for them…
