LMI difference on 90% and 88%

[Marty McDonald]

Not if she goes elsewhere?

yes sorry was implying if stayed

 

[Marty McDonald]

the elephant in the room isnt CBA release policy, its very likely serviceability, as we know CBA falls into the lower 3rd of lenders for serviceability especially so with larger portfolios.

I'm not sure that I would agree with that Rolf. I'd put them right in the middle. They will service existing loans... both theirs and others at actual rates. Granted all on a P&I basis but that is still a hell of a lot more generous than the ANZ, Suncorp et al way.

 

[Peter_Tersteeg]

I'm not sure that I would agree with that Rolf. I'd put them right in the middle. They will service existing loans... both theirs and others at actual rates. Granted all on a P&I basis but that is still a hell of a lot more generous than the ANZ, Suncorp et al way.

Generally true, but this is a policy exception. I've been caught a few times for 90% LVR loans where they wanted all debts at 25 year P&I and 7.2%. I do agree that they are about in the middle of the spectrum.

 

[Jamie M]

They might go off IO repayments for OFI debt too - but it's a policy exception.

Cheers

Jamie