How do I know if I can get a mortgage?
A friend called me to ask for some Mortgage Advice...
...A colleague of his, after calling her bank, was feeling a little down.
Although she had been saving for some time and knew of others in a similar position that had got mortgages, her bank said that for various reasons she would have to wait.
As I pointed out to my friend, this was something that is far too common, as I have had similar conversations with people I meet at open homes.
Often that is the case, they need to sort something before their bank will advance them the money required to purchase a property but they should remember that not all lenders have the same credit policy, in fact I would be hard pushed to name any two alike.
Would it then be advisable to contact a mortgage broker if your bank turns you down? Defiantly, it is always advisable to get a second option however; I would recommend you contact a mortgage broker in the first instance.................
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