Are you buying a property and wish to save money with a waiver on LMI ?
What is LMI ?
Lenders Mortgage Insurance (LMI) is an insurance payment you need to pay when you purchase a property. Ideally, if you wish to borrow more than 80% of the value of your property you will be required to pay LMI.
What is LMI waived Loans ?
LMI differs from lender to lender. The cost of LMI can be quite high, significantly increasing your loan amount.
So, if you are looking to save on LMI, call us today to discuss your eligibility for waiver on LMI.
There are various circumstances to get a waiver on LMI including :
- Some lenders may have an offer for a limited period wherein LMI may not be charged for loans up to 85% LVR.
- Professional LMI waiver package is available to certain professionals including Accountants, Doctors, Nurses, Lawyers etc for loans up to 90% LVR.
- Under First Home Guarantee Scheme, applicant can purchase property up to 95% LVR without LMI.
- Major banks have employee benefits where you can borrow up to 90% LVR without LMI.
How can we help
We have long term relationships with vast network of lenders and with our finance expertise, you can feel confident that we will find the right loan structure tailored to your circumstance and requirements at best interest rate and also evaluate if you are eligible for waiver on LMI.
We will understand your budget and circumstances, as well as your future plans to ensure your home loan works for you. We will compare various loan products to find you the best product that suits your requirements. We will negotiate with Lenders for best interest rate and tailor the loan product just for you.
Best part is that we don’t charge any fee from you for these services. That means our focus is solely on finding you a competitive home loan that’s the right fit for you making your home loan experience simple and effortless.
We are committed to helping you secure your dreams.
Call us today to know about existing offers and on how best we can help you to avail LMI waiver on your loans.