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Westpac have their own LMI and RAMS now use them also.

I have both, they are very informative and worth their weight in Gold!!

The are a very good lender for full doc self employed (generous add-backs) and they are a good choice for company / trust loans. Some of their strengths include; Basic loan comes with a 100% offset account Turnaround times Generous loan servicing Unlimited cash out to 85% LVR Master limit is...

Hi Brendan, I use and can recommend Pat and the team at Gatherum-Goss & Assoc http://www.gatherumgoss.com/ They have been my accountants for over 5 years now and I'm very happy with their services. They are geared towards property investors and are pre-active with news letters and tax...

Hi CP Westpac's offset account will only work against a variable rocket home loan or rocket investment loan, you can't offset against a LOC account or fixed loan with Westpac. Most of my clients who have or are looking at fixing their loan, who also want the benefits of an offset account...

Hi there Gill Bates, This is 4 year DEF (Deferred Establishment Fee) and is common with almost all lenders, in fact the big 4 lenders have lower DEF's than most other lenders. It's aimed at covering their administration cost to establish the loan. Well that's their story and they are...

CBA have just announced a further tightening to their lending policy.... :( Unless a client has 6 months of existing good credit history with CBA they are restricting refi's and purchases to 90% LVR. And from today a minimum of 5% genuine savings is now required.....for loans over 85% LVR...

Hi Ramezovic, CBA will lend up to 95% + Cap LMI for a property purchase in a family trust. I do it all the time. Other lenders have a similar policy. Trust lending is not hard to place at all. ;)

Hi Kim, I understand how frustrating this situation is, I come across it with my clients quite often. If you have a 1/3 share in property and a loan, whilst your JV partners are responsible for their share of the loan, you (and your JV partners) are personally liable for the loan payments...

Reminder: 3% Genuine Savings As from Monday 2 March 2009, a mandatory 3% genuine savings is required for all applications involving new borrowers where the LVR>85%. These customers are required to contribute a minimum 3% of the purchase price in the form of genuine savings (or equity) towards...

I believe CBA will allow the full pro pack discounts for non mortgage insured lo docs still. Westpac have the same pro-pack rate for lo doc as for full doc when total borrowings over $500K

With Westpac it's easier to call the mortgage retention team after loan settlement for a better deal than it is to negotiate interest rates up front. A number of my Westpac clients with over $1M of loans have successfully negotiated .05% or .1% off the 0.7% pro-pack rate this way.

They used to, but not any more....

MJD, Westpac have pulled their 85% LVR with no LMI option. If you have pre-approval they should honour it, Your MB is right they will not give you the 0.7% discount. You basically have 2 choices, redo the loan at an 80% LVR and take the pro pack to qualify for the 0.7% discount (if you...

Hi MJD, St George will only refinance or top-up to a 90% LVR and in most cases they won't allow the LMI to be caped to the loan amount. A few weeks ago, there were two other big banks that would allow this, however their policies have change to only allow a top-up or refinance to a 90%...

ING have come out today with the following changes to LVR's on purchases, top-ups and external refi's.... Purchases 90% (plus capitalised premium) Increases / Top-Ups 90% (plus capitalised premium) Refinances from other financial institution 85% (plus capitalised premium) :(

G'day Harriot, I can recommend the team at Gatherum-Goss & Assoc. http://www.gatherumgoss.com/ http://www.gatherumgoss.com/property_warrants.htm They set up my SMSF a few years back and i couldn't be happier.

I have advantage plus status with Westpac, as a result my deals commence assessment 2 days after they are submitted. Some of the back end work is taking a while, particular for LMI deals. Docs are being issued on day of unconditional and posted next day. I'm seeing unconditional in around...

I have been advised that this is the last year the double deductions for Laptops and Mobiles can be claimed

Then there are no break fees, only your standard loan exit fees and DEF (deferred establishment fees) if applicable