Has anyone heard of the Bank saying to the mortage insurer to recheck there figures, after telling the bank NO to insurance ? I thought banks just go by what ever the insurer says ??? We are still waiting on a reply ???
The insurers rule the roost no correspondence enterered into - generally if they knock it back tough biscuits. The lenders accept it, as it is LMI - lenders mortgage insurance and is there to protect the lender and not the borrower(you).
Better going with a non-conforming lender you may have better luck but be careful about applying for too many loans.