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Ask Pete - what home buyers want to know

Question: I applied for a Green loan and was refused by the banks due to my current unemployment situation. What can I do? .......sent by LA

Answer: Green loans are a federal government initiative aimed at providing eligible households up to $10,000 worth of government subsidised finance for the installation of solar, water saving, and energy efficient products...... Read More

Question: I am after some advice in terms of dealing with the Financial Services Ombudsman ("FSO"). Last year I applied for a five year fixed rate loan at 5.89%. The bank proceeded to decline my application based on serviceability .......sent by Paul

Answer: As far as I am aware banks are under no legal obligation to explain why a loan application has been rejected (except in the case where the rejection results from anything adverse on your credit file ..... Read More

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