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    Westpac approves loans to 85% LVR with 0.3% interest premium

    Hi, Note that Westpac's mortgage insurance is at 85% is between .75% and 1.47%, depending on the size of the loan. So, depending on how long you expect to keep the loan, it may be more cost effective to pay the mortgage insurance up front and get the lower rate. Cheers, Medine
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