E eggnog 28th Aug, 2008 #1 Does westpac allow the establishment of a LOC at 85% LVR without going into LMI or have they droped it to 80% now.
Does westpac allow the establishment of a LOC at 85% LVR without going into LMI or have they droped it to 80% now.
E eggnog 28th Aug, 2008 #4 thanks guys. thats great news for me Do you know if they are going to scale it back to 80% anytime soon and is there a minimum growth in a property required to establish a LOC or a minimum LOC ammount required before they will establish one.
thanks guys. thats great news for me Do you know if they are going to scale it back to 80% anytime soon and is there a minimum growth in a property required to establish a LOC or a minimum LOC ammount required before they will establish one.
N Nth Brisbanite 28th Aug, 2008 #5 lukentel said: Met with westpac yesterday to discuss a few matters... will do 85% still Click to expand... Is that only full docs or is lo doc available? What are rates, LMI, etc?
lukentel said: Met with westpac yesterday to discuss a few matters... will do 85% still Click to expand... Is that only full docs or is lo doc available? What are rates, LMI, etc?
LearningMan 28th Aug, 2008 #7 Yep - recently received 85% no LMI from WBC. You just need to push, push, push ...
M Mamaof3 28th Aug, 2008 #8 we've been able to get max 82%LVR through westpac on a lodoc but there is MI which kicks in after 60%lvr i think.
we've been able to get max 82%LVR through westpac on a lodoc but there is MI which kicks in after 60%lvr i think.
Peter_Tersteeg 28th Aug, 2008 #9 kimanand said: we've been able to get max 82%LVR through westpac on a lodoc but there is MI which kicks in after 60%lvr i think. Click to expand... Most lo doc loans have LMI kick in from 60% LVR. Westpac will lend to 80% on a lo doc and the other 2% covers the LMI, to a total loan of 82%.
kimanand said: we've been able to get max 82%LVR through westpac on a lodoc but there is MI which kicks in after 60%lvr i think. Click to expand... Most lo doc loans have LMI kick in from 60% LVR. Westpac will lend to 80% on a lo doc and the other 2% covers the LMI, to a total loan of 82%.