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Abdul

7 months ago

HI There I have submitted loans that had been declined and managed to get approved bu other lenders. We make sure we look at servicing before submitting a loan toa particular lender. Any reason it had been declined? Also as your loan is currently fixed you will have economic costs involved to refinance. Have you asked your current lender how much this will be as it may not be worth to refinance.

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Sehnaz

8 months ago

Hi Jenne, Yes you can refinance with fixed but some break costs may apply. First things first, we would need to identify why you were declined and work from there to see which Lender category you fall into. Happy to discuss. Thanks

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Sally

8 months ago

Hi Jenne, Rejected by one bank does not prevent you from applying through another bank. We need to understand the reason for the rejection and also your circumstances. We could then find you a product which suits your circumstances and also we are thoroughly analysing your file to ensure that the bank is in a position to accept. . This way, we ensure your refinancing experience is hassle free and there are no last minute disappointments, In addition, we need to see what the fee for breaking your current loan. We assess the scenarios to see whether you could still save your cost by breaking the current loan and moving into a product with a lower rate

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Ashok

9 months ago

Hi Jenne,Sure we can help you to switch to a different lender with a competitive rate as long as your repayment history is satisfactory which is your last 6 month or could be 3 months and property valuation is another factor to be considered.Feel free to contact me thought my profile and I may be able to take care of your refinance cost which may occur during your transaction.Cheers,Ash

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david

9 months ago

Hi Jenne, I can certainly put up a new application for you. I would need to know why you were declined as that would influence which lenders i could take you to. Also, there may be break costs associated with breaking your fixed rate contract; I would need to see that there is a benefit to you under responsible lending guidelines. Please contact me through my profile page; Regards David

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Suresh

9 months ago

Hi! Jenne Thanks for your enquiry through HashChing. It is sad to hear about your application being declined. As part of my solution offering I need to understand the reasons behind this decline along with facts about the reason for refinancing your fixed home loans as it will help to mitigate banks policy. To answer your question about applying with another bank “Yes” you can but before we do that , need to share information on exit cost of your fixed loans thus helping you make a knowledgeable decision. Do give me a call on 04****31, for an initial consultation at no cost to you and we can take it from there Have a good day, Best Regards. Suresh

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Danielle

9 months ago

Hi Jenne, sorry to hear your loan was decline. Do you know why your loan was decline? You can refinance your loan, however it would be a good idea to understand what your break costs are on your fixed loan. Also why would you like to refinance your loan. Is it to achieve a better interest rate, draw out equity? Please don't hesitate to contact me and we can discuss the details. Thanks, Danielle

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Daniel

9 months ago

Hi Jennie. Why were you refinancing? Has your situation changed since your last finance application or did you miss repayments. You can refinance if you are prepared to pay break costs. Fixed rates are at an all time low today and I’m sure the difference in interest rates will more than compensate for the break fees. Look forward to helping you. Regards. Daniel.

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Girish

9 months ago

Hi Jenne , every bank has different rules for servicing loans based on their credit policies. I will be able to workshop most suitable options for you. Please fo get in touch with me through my profile to make a fair assessment Regards Girish

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Fran

9 months ago

Hi Jenne, thank you for your question. I would suggest that you check the following 1. Find out the reason why your application was declined . 2. Call the lender and check what is the break fees they will be charging you for breaking the current fixed rate. Then, based on the break fees charges you will have to decide if there is yet a benefit for you to refinance. I hope that makes sense to you. Best regards Fran Jerome.

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BERNARD

9 months ago

Sorry to hear that you have not had a good outcome with your recent application. Keen to understand why your loan application was declined in the first place, also at the same find out the exit cost to leave your current lender, another thing to consider would be why are you thinking of refinancing and is the property us under 80% of the market value or over as if you leave your current lender and its over 80% you will again have to pay lenders mortgage insurance, happy to discuss and help further in need if you have any other questions and guide you through the process.

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LEZLI

9 months ago

Yes you can. Call your lender & ask what you have to pay to get out of your loan early. Then I can help you. Please contact me via my Profile page. Thanks. Lezli

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