westpac 85 percent 7.11 percent?
- Thread starter keneth
- Start date
I don't think it's to bad considering that you don't have to pay lenders mortgage insurance with the 85% LVR. LVR premiums i paid with CBA wow...
WBC no lmi 85 er policy expired on the 30th of April..................
It was a great beast
ta
rolf
It was a great beast
ta
rolf
Hiya
Not normally a product junkie, but for a PAYG income earner the WBC Rocket Repay Suite under their pro pack is "the best" widget of the larger lenders products for most multi IP folks.
ta
rolf
If you don't need the branch access or offset account, ING is also waiving LMI @85% with no ongoing fees at 6.96% (loans over $300k). There's a few disadvantages with ING but if price is your main concern it's hart to beat.
Just saw vbplease's post. 6.99% has an offset accout @ING.
Our brief experience is they are ok at the front end IE purchase, but shocking to get top ups out of .
ta
rolf
I think it's also important for the thread starter to remember that the lowest variable rate offered by a bank at the moment is just that VARIABLE (it can change)
ING no LMI at 85% is hardier to apply compare to Westpac's one....ING have strict criteria ( REF product) - and it does not have a end date (yet)...but looking at the market i say they would end it in July and when it does end...LMI with ING is not expensive anyway if you meet their "strict criteria" for REF.
Regards
Michael
Regards
Michael
I agree with that assessment Rolf, although I think some other lenders are fast catching up on the pain level for top ups given many're requiring full applications post NCCP.
Hi BG
the 85er with no lmi was available for the full range of loan products incl the fixed range, LOCs and variable loans
ta
rolf
I have a really good relationship with Westpac.
I was in the general banking line the other day and spotted the manager I normally deal with.
" hey mate. I need that Construction loan now.and top my equity loan amount up to 85% would ya"
" no worries I'll have it sorted today. I'll swing the paperwork past you this arvo for a signature and it will be sweet.
"thanks mate"
I like fast easy transactions. It takes longer to draw $20 bucks out of an ATM.
I was in the general banking line the other day and spotted the manager I normally deal with.
" hey mate. I need that Construction loan now.and top my equity loan amount up to 85% would ya"
" no worries I'll have it sorted today. I'll swing the paperwork past you this arvo for a signature and it will be sweet.
"thanks mate"
I like fast easy transactions. It takes longer to draw $20 bucks out of an ATM.
