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Refinance turned down by ANZ why?
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My relatives just told me ANZ declined his refinance

He had two loans

one 900k investment on 1.4m property with 5.2k monthly repayment

One 780k ppor on 1.5m property with about 70% of its balance sitting in offset as cash - this is the one to refinance

He had 100k ish income Plus 150k gross rent for the year from 3 other properties.

All this and he still get declined?

If this guy is being turned away what else can the rest of us do?

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Ding, yet the banks who financed the loans were either misinformed or approved it either way now serviceability in question

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Posted
1 year ago