Lenders Mortgage Insurance - Waiver

April 17, 2014
Carol Pizzey

Unsure of what Lenders Mortgage Insurance (LMI) actually is?  Lenders Mortgage Insurance is a one off fee that can help borrowers get into their homes sooner without a 20% deposit.  This can save borrowers tens of thousands of dollars as they strive to purchase the property of their dreams.

At the present time, we have lenders on our panel who are currently waiving the cost of LMI, up to a maximum of 90% lend to value ratio (LVR) for approved borrowers and who are a member of a professional body.  Are you currently working in the fields of Medical (including dentists, veterinary, optometrists, pharmacists), Accounting, Legal or Mining & Energy Resources, then you may be eligible for this special offer.  

With some Lenders, there is also no need to show 5% of genuine savings. 

Michael Wren at Mortgage Choice Camberwell has been instrumental in helping our clients to understand the process of buying a house for the past 10 years.  Contact us to see if we can assist you.  Call 03 9813 3522 or email michael.wren@mortgagechoice.com.au

Posted in: Tips

Contact us today.

Additional Comments? * :