85% LVR, No LMI, PPOR, IO.

Discussion in 'Loans & Mortgage Brokers' started by Sonamic, 11th Sep, 2015.

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  1. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    Nothing's really changed since this thread started.
     
  2. Speede

    Speede Well-Known Member

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    Any other lenders with 85% No LMI,PPOR, I/O?
     
  3. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Pepper is doing 85% no LMI but has to be P&I.

    I think Citibank recently changed it to P&I as well.
     
  4. Redom

    Redom Mortgage Broker Business Plus Member

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    • Upfront fees are considerably higher with Pepper (1k+)
    • CBA has introduced an industry specialisation policy of late for Accountants and Lawyers, both investment and PPOR properties; and,
    • St George/Westpac still offer the 85% no LMI for PPORs (St George its a LMI rebate) OR a $2000 rebate (St George).
    • And St George/Westpac have the broadest industry specialisation policy of the lot at 90% (PPOR only).
     
  5. charpj

    charpj Well-Known Member

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    Also with the new Westpac lmi offer, it is rebated on letter of offer. Handy if client wants to do 90% refinance down the track, pay the difference in the lmi. Old deal you paid full lmi