Posted on August 23, 2009 - by admin

Twice as many first-home buyers denied.

THE rate of first-home buyers being refused loans by their brokers and banks has almost doubled in the past year, according to the real estate industry, with a recent rise in mortgage insurance being the latest kick in the guts for those with property ownership aspirations. Gary Lees, general manager for Raine & Horne Financial Services, said that the rate of those being refused has not only doubled but tripled in the past nine months. Wayne Ormond, founder and executive chairman of Re

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Twice as many first-home buyers denied.