First National Bank
NO homeloan, AGAIN from my bank

I used a bondbroker to obtain a homeloan of at least 90% on an insolvent estate. The purchase price is 1320000. The value of the house is more then 1.6m. We are paying the deposit, transfer fees and duties all cash upfront. We have worked out we need at least 90% bond to proceed. Absa is offering us 84%. Just like my first house, FNB AGAIN is not offering me a bond. I do not see the risk for FNB? Why not 90%? We have a personal loan at Absa currently as well. Outstanding amount is -55k, I will also be willing to settle this straight away if we can get at least 90%.We are selling our house, making a big profit. I have a perfect credit record. 2 months ago I increased my homeloan installment from R5000 a month to 6500 per month, because I always pay extra on my debts. Then FNB let my broker know I have two homeloans, because they saw a R5000 and R6500. That is just shocking. I got a R7000 increase last month as well. I am really sad my bank NEVER comes through for me. My first homeloan was with Standard Bank. And, now with my 2nd one Absa is making an offer. FNB always fails me.

Company: First National Bank
Country: South Africa
City: Home loans

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