Hi Aaah-chew,

did you know that as a WBC staff member that additional lending benefits are being able to borrow 90%LVR without MI if the loan is PIF or you can borrow 85% on loc without MI.
It may pay to do the sums as the interest saving you make may not outweigh the cost of MI , for at least the first couple of yrs (depending on cost of MI).…[Read more]

As I understand the bank looks at those figures and if falls within range then they will use. Unfortunately they don’t tell staff what the percentage is in case we use it for evil purposes [}]

If under 80% LVR and reasonable EMV presented you shouldn’t have too many problems.

Another thing to note that even if you do need a val and area is ok…[Read more]

Took me a while to work out but scored 299.3.Then was left feeling bad for all the penguins with their little legs wiggling away in the dart board. []

Important to note that Westpac will not always use APM. It depends on the deal if MI or area located or as most often APM does not confirm customers EMV (estimated market value).

Kind Regards

Verity

Hi Elvis,

Depends on what you are seeking to achieve by having multiple accounts under the one LOC.

Do you want the ability to change limits between LOC’s etc??

Westpac have a product that you can have up to two LOC’s and you can change limits between the two but you need to have a particular home or investment loan in order to do so. The…[Read more]

PS if you are concerned about the payout figure of your loan you can call Westpac and they can give you an indicitive payout figure immediately and the staff are also able to assist you with costing what you want to do, if you want to do it with Westapc.

Hi Elvis

I am new to this site so this is officially my first post.

Believe it or not I actually work for Westapc dealing with home loans.

If the loan is a standard premium option (and was not a 1yr guarantee rate originally) and you want to refinance you will pay the balance of the loan, any interest accrued at the time of settlement in…[Read more]