Lenders Mortgage Insurance

An Easy Guide To The Costs Of Buying A Home

personOtto Dargan access_timeMay 6, 2015

There’s probably a good reason that you’re 30 and still living with your parents but let’s face it, it kind of sucks when all of your friends have moved out and are getting on with their lives. Isn’t it time you moved into a home of your own? Leaving the nest is a big...

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3 Home Loan Discounts Exclusive To Doctors

personOtto Dargan access_timeApril 24, 2015

Are you a doctor looking to buy a property? Did you know that you can get exclusive home loan deals just because of your profession? Medical professionals are the most favoured professionals for banks because they are considered to be low risk borrowers with high incomes. Here...

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5 Ways To Borrow At A High LVR

personOtto Dargan access_timeMarch 31, 2015

5 golden tips to borrow at a high LVR Can you build your genuine savings? Borrowing 90% or more will require you to have at least 5% of the purchase price in ‘genuine savings’ in order to get a home loan with most lenders. For example, you’ll require around $25,000 in...

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11 Reasons Your Home Loan May Be Declined

personOtto Dargan access_timeFebruary 26, 2015

Has your home loan application ever been knocked back by a bank? Many lenders in Australia are quite strict when it comes to allowing people to borrow money for a home and chances are one of these 11 reasons will be the basis for why your application is knocked back. Keep in...

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3 Ways To Reduce LMI On A Home Loan

personOtto Dargan access_timeFebruary 18, 2015

Unless you’re a specific type of doctor, accountant, lawyer, engineer or other professional, you’ll have to pay Lenders Mortgage Insurance (LMI) when borrowing more the 80% of the property value. Having a Loan to Value Ratio (LVR) of more than 80% is a huge risk for the banks...

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Can You Reduce Or Avoid LMI?

personOtto Dargan access_timeJanuary 12, 2015

LMI is a one off fee payable when borrowing more than 80% of the property value. On top of that, it only protects the bank, not you, if you default on your mortgage. It can also be majorly expensive, which kind of sucks! To put the cost into perspective, if you borrowed $510,000...

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How Do Guarantor Home Loans Work?

personOtto Dargan access_timeNovember 16, 2014

Are you struggling to save up enough for a deposit to buy a home? According to the RP Data-Rismark Home Value Index (May 2012-June 2014), the past two years has seen average capital city house prices rise by around 16 per cent. That’s great if you’re an investor. For first...

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Optometrist Home Loans

personOtto Dargan access_timeNovember 7, 2014

As an optometrist, you help people see the world clearly again. Isn’t it about time someone pulled the wool from your eyes? Did you know that you may be eligible for special home loan discounts not advertised to the general public? Let’s just say that the banks have a special...

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Special Home Loans For Dentists

personOtto Dargan access_timeOctober 23, 2014

Some people are afraid of dentists. Luckily for dental professionals though, banks absolutely love you! In fact, some are willing to offer incredible home loan discounts just to get your business. Have we got you smiling? With stable employment and a good income, dentists are...

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6 Ways Buying A Home Can Improve Your Sex Life

personOtto Dargan access_timeAugust 26, 2014

Buying a home can improve sex life? Batman pajamas and you still live at home with your parents. Not sexy. You own your own property in Australia. Sexy! You can even keep the Batman pajamas. It’s a win-win! Property ownership and an amazing sex life are inextricably...

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