Recent content by Watson1

Cant comment of four, but we did 3 at 70% LVR with BoM/STG just recently. 1 mill existing debt under personal names for owner occupied and 600k under company (not under advantage package/pro pack). We obtained a 1.30% discount which equates to 4.15% under BoM across all loans. I would...

I have done it 3 times so far. Twice for cash out to pay for 10% deposit ~$50-60k equity release. Last weeks one was involved a top up of an investment property where the equity release was just under 60k. Loan was approved within 24 hours too! First time we thought the assessor made a...

I did a top up just last week at 97% for an ANZ existing customer. Only issue was that they had to keep same remaining term of original loan which decreased borrowing capacity a little for lmi crediting purposes. New top up/equity release was at 30 years. This wasn't under a company though.

i would say it shouldn't be an issue with company/trusts etc. At the end of the day the guarantor and applicant/company have an existing ANZ relationship >6 months I think it should be fine. Others may be able to comment.

ANZ will allow 97% for existing customers but it isn't cheap.

STG provided you with a waiver, that very nice of them.

Anyone know if banks retention team are still negotiating for investment loans? I assume so.

Im guessing he is a physio, chiropractor or optometrist. Soon enough ANZ will include acupunctures to the list...

I heard the blue boys were looking at doing something similar to BW reducing investment loans to 80%. I think the most shocking change was westpac removing negative gearing!

STG will be following Westpac changes...

I wonder if STG will follow and when NAB are going to pull the plug on assessing OFI debt at actual.

Two to three years ago we would only price on loans which were relatively large e.g $750+. 1.15% was the best discount you could obtain and the discounts we generally saw ranged between were .05-.15% above the carded rate. We would rarely have to submit pricing requests maybe 15% of the...

Get the broker to reprice your loan now and renegotiate when you purchase. When you go to purchase another property, just say you have X amount with the bank and require Y amount for new purchase then say other bank offering to take existing STG loan to them as well as the new purchase. They...

Just get the broker to do a new pricing discretion online. I would imagine you should at least be able to to get a rate of 4.40% if not 4.35% under the advantage package. The line of credit could be a little more expensive. Also I find STG good as they don't seem to discriminate if you are new...

The broker/lender is talking crap, we submit a lot of deals to BoM/STG and we know their processes. All you need to do is have a loan greater than $250k and ask the assessor to ensure that the loan is coded so they know you are eligible for the rebate which is credited to the offset ~4 weeks...