How to Finance Your Home Renovation Oct 14, 2020 | Mortage Broker, Mortgage Brokers, Mortgage InsuranceAs the window begins to close to access the Government’s HomeBuilder grant, there is still enough time to capitalise if you’re looking to build or substantially renovate. Given that the requirements are high for renovators, many people might be looking to borrow in...
Are you a doctor? Save on LMI! Oct 9, 2019 | Mortgage InsuranceOne of the hardest parts of securing a home loan is saving the 20% deposit required by Australian lenders. Fortunately, medical professionals are eligible for an LMI waiver from the major banks and most smaller lenders, meaning that they can borrow up to 90% of the...
All You Need to Know About Lenders’ Mortgage Insurance (LMI) Aug 21, 2019 | Mortgage Insurance, UncategorizedSaving for a home deposit can be extremely demanding, especially when you are dealing with other expenses such as rent, childcare and day to day life. Most lenders recognise that saving a 20% deposit would take tens of years for the majority of Australians, even if...
Lender’s Mortgage Insurance – Win-Win Situation for the Lender and the Borrower. Oct 4, 2018 | Mortgage InsuranceThe buyers of a property, who do not have enough money in hand have an option of borrowing the money by putting their existing property as a mortgage. The borrower, however, pays an amount as security interest to the lender until the time he manages to repay the loan...
NIL LMI for Medical Practitioners, CPAs & CAs Aug 14, 2018 | Mortgage InsuranceAre you a Medical Practitioner, CPA or CA? Did you know you can borrow up to 90% without paying LMI? With selected banks, professionals like Medical Practitioners, CPA’s and CA’s qualify for 90% borrowing without paying Lender Mortgage Insurance. Not...
