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Morgan Stanley banking analysts wade through the June quarter loan impairment, credit quality and loan provisioning detail from Australasia's big four banks

Morgan Stanley banking analysts wade through the June quarter loan impairment, credit quality and loan provisioning detail from Australasia's big four banks

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3 Comments

My partner is waiting weeks and weeks for a mortgage approval and has 70% equity in the brand new build. Still not approved and 6 weeks to go before the house is complete. Hate to think how hard it is to get a massive loan at present. Banks are drilling right down into your expenses line by line.

Gosh I know that feeling, had our lawyer chasing the bank for the letter of offer of finance an hour before close of business on settlement day despite meeting all pre-approval conditions on day 2 of 10 and spending the next 8 days chasing this letter from my end. This was 3 years ago on a First Home purchase.

What happens if finance doesn't come through, loss of deposit?

How much is she borrowing? I have no handle on what is considered a small or massive loan anymore.

Days to the General Election: 21
See Party Policies here. Party Lists here.