Find Out If You Qualify for a LMI Waiver and Say Goodbye to Lenders Mortgage Insurance Australian homebuyers often face the high cost of Lenders Mortgage Insurance (LMI). This happens when borrowing over 80% of a property’s value and it can be thousands or even tens of thousands of dollars. But you can save big…
Understanding Lender’s Mortgage Insurance Policies As a rule, if you don’t have a 20% deposit in savings, then your bank will ask you to pay Lender’s Mortgage Insurance (LMI) when you buy a home. This is why so many of us need to dutifully save up our 20% deposit to buy our first home. If…
To suggest that there are just 14 ways to pay your home loan off sooner is a little deceiving because there’s countless factors that can reduce your monthly obligations, and reduce the term of your loan. However, we’ll look at just 15 basic considerations. 1. Skip the honeymoon period Beware of lenders bearing gifts. The…
If you’re new to the world of property ownership it’s quite possible you haven’t a clue what a conveyancer does. This article seeks to give you a broad appreciation of their role in the home buyer process. [note title=”Conveyancer FAQ”]You might also be interested in our [link url=”1724″]Conveyancer FAQ[/link].[/note] When buying or selling property, the…
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