Search found 3 matches

by
Sun Apr 07, 2019 1:24 pm
Forum: Home Loan Forum
Topic: Does our combined income of 160K qualify us for a waived LMI home loan?
Replies: 5
Views: 12230

Re: Does our combined income of 160K qualify us for a waived LMI home loan?

If that’s the case, then we’ll probably be capitalising the LMI. I’m particularly interested in what kind of “special interest rate discounts” will you be able to offer me?
by
Sun Apr 07, 2019 11:26 am
Forum: Home Loan Forum
Topic: Does our combined income of 160K qualify us for a waived LMI home loan?
Replies: 5
Views: 12230

Re: Does our combined income of 160K qualify us for a waived LMI home loan?

We’re looking to purchase a property valued at $1.1 million with a $100,000 deposit. So we’ll need to borrow close to one million at 90% LVR. Since we don’t qualify for waived LMI, how much will the LMI premium be?
by
Fri Apr 05, 2019 2:54 pm
Forum: Home Loan Forum
Topic: Does our combined income of 160K qualify us for a waived LMI home loan?
Replies: 5
Views: 12230

Does our combined income of 160K qualify us for a waived LMI home loan?

Hi, I’m a certified accountant with IPA (MIPA) earning $100,000 p.a. and my wife earns roughly $75,000 p.a. as an administrator. We’re looking at a 90% waived LMI home loan for accountants. I understand that we’ll need to meet a certain income threshold to qualify. My question is does our combined income of 160k qualify us?