Lenders Archives - Mortgage World Australia

How Do I Avoid Paying Lenders Mortgage Insurance?

ByPatrick O'Brien January 31, 2024September 17, 2024

How Do I Avoid Paying Lenders Mortgage Insurance? It’s not uncommon for people wanting to buy a home, but don’t have ‘enough’ of a deposit saved. Strictly speaking, nothing is stopping you from getting a loan with less than a 20% deposit. Unfortunately, you have to pay something called LMI – Lender’s Mortgage Insurance which…

The 5 Borrowing Myths

ByPatrick O'Brien October 30, 2023July 30, 2024

5 Borrowing Myths: Busted. I don’t know if you remember the show ‘Mythbusters,’ where they took urban legends and put them up to the test to see if they were real. Recently I had a prospective client ring up and ask if I could get him a home loan while he was on probation at…