One home loan application gives four different responses from banks

If you want to borrow more money on a home loan than your bank is willing to offer, the answer may be as simple as applying somewhere else.

Each bank has its own way of determining how much it is willing to lend a borrower, and the answers can vary widely.

Using a broker's servicing calculator, we ran the numbers for a couple with a $50,000 deposit wanting to buy a standard residential property. Using the same information about their living expenses, other debts and assets, we checked what each bank would lend them.

ASB would go to $325,000, ANZ $350,000, Westpac $335,000 and BNZ only $275,000.

from
http://www.stuff.co.nz/business/93209476/One-home-loan-application-gives-four-different-responses-from-banks