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  1. W

    ANZ loan redraw question

    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...
  2. W

    ANZ loan redraw question

    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.
  3. W

    ANZ loan redraw question

    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.
  4. W

    ANZ loan redraw question

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