Lenders Mortgage Insurance Archives - Home Loan Experts

Lenders Mortgage Insurance

Can I Pay LMI Monthly Without Adding To My Loan?

personOtto Dargan access_timeMay 11, 2021

Ever found yourself unable to save enough deposit to avoid paying lenders mortgage insurance on a home loan? Lenders mortgage insurance (LMI) protects lenders in the event that a borrower defaults on a loan. In most cases, you are required to pay LMI if you borrow more than 80%...

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$1 LMI For First Home Buyers

personOtto Dargan access_timeJuly 17, 2020

A non-major lender has announced that you’ll only need to pay $1 in Lenders Mortgage Insurance (LMI) if you’re borrowing 85% of the property value.  The $1 LMI offer for first home buyers offer is effective from 13 July 2020.  One of the pain points for a first home buyer...

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The Truth About Being A Home Loan Guarantor

personOtto Dargan access_timeJanuary 1, 2017

If you’re a mum or dad, chances are that you’re watching property prices going up across the country and worrying a lot about your kids buying a home of their own one day. You may have thought about helping your child out by acting as a guarantor on their home loan, but you’ve...

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Major Bank Cuts Lending To 33 Postcodes

personOtto Dargan access_timeOctober 16, 2016

In a surprise move on Friday, National Australia Bank (NAB) announced that it was expanding its restricted postcode list to include many more inner city and regional areas. The bank will now restrict lending in these areas by requiring people to have a larger deposit or more...

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4 Ways To Slash Your Home Loan Rate

personOtto Dargan access_timeAugust 28, 2016

4 Ways To Slash Your Home Loan Rate (And Save Thousands) People love a good bargain when it comes to clothes and gadgets but what about your home loan? Even with a tiny 0.30% discount you can save more than $30,000 in repayments! Do we have your attention now? Good! 4 magic...

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