Have just been looking at the "Location Wizard" for QBE. Am wanting to buy in a regional area.
It seems the max you can borrow on a 95% lend with QBE LMI would be $500K, or $350K if the loan was insured through Genworth.
My question is, am I interpreting these figures correctly?
If so, would an excellent servicing ability help get the loan across the line?
I have a DSR of around 30% and am wanting an $800K loan
Thanks for your advice
It seems the max you can borrow on a 95% lend with QBE LMI would be $500K, or $350K if the loan was insured through Genworth.
My question is, am I interpreting these figures correctly?
If so, would an excellent servicing ability help get the loan across the line?
I have a DSR of around 30% and am wanting an $800K loan
Thanks for your advice