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If you look at one of my previous posts it is not down to the income it is credit risk. They have done statistical analysis on their existing loan book and the professions they have listed eligible for the LMI waiver have a significantly lower arrears rate.

Hi Chaos, a mining professional for the St George policy is engineers, Surveyors, mine surveyors, Quantity Surveyors and Geologists / Geophysicists. The minimum income is 150K if only 1 applicant is part of the eligible occupations. If 2 applicants are eligible then their combined income...

Banks do not come up with these policies lightly and a lot of thought and statistical analysis goes into it. St George recently expanded their LMI waiver product to Accountants/Lawyers/Mining Professionals. The main reason is their arrears on these professions are significantly lower than others.

only the overflow gets sent overseas to avoid longer wait times, i was told the first 100 calls are answered in aus and then any above that at the same time go overseas.

sorry CBA, ANZ, Westpac and St George are not available for Psychologists.

other professions are accounting, legal and mining professionals can get up to 90% without LMI.