Advice needed please...
Applied through a broker for a Homeside mortgage but just got knocked back.
Property Value = $540k
Deposit = 55k + 7k FHOG.
Broker said they knocked it back due to a paid default on my credit file of $360 back in 2005 and will now only do it if I go to LVR of 80%. (not going to happen)
Apparently CBA and St.George are probably the best options to try next but just wondering if I should risk further credit checks or wait until March 2011 to reapply for a loan as the default will be wiped of my credit file then.
Cheers
Applied through a broker for a Homeside mortgage but just got knocked back.
Property Value = $540k
Deposit = 55k + 7k FHOG.
Broker said they knocked it back due to a paid default on my credit file of $360 back in 2005 and will now only do it if I go to LVR of 80%. (not going to happen)
Apparently CBA and St.George are probably the best options to try next but just wondering if I should risk further credit checks or wait until March 2011 to reapply for a loan as the default will be wiped of my credit file then.
Cheers