LMI

Is Your Property Located In One Of These Risky Suburbs?

personOtto Dargan access_timeSeptember 30, 2015

Did you hear? Your suburb may be on a list of high risk postcodes as identified by one of the Australia’s biggest banks! National Australia Bank (NAB) has identified 40 suburbs where “significant deterioration in credit risk has been observed” and a further 43 suburbs...

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Why Do Mining Engineers Get Special Home Loan Discounts?

personOtto Dargan access_timeSeptember 29, 2015

Whether you’re a mining engineer, surveyor or geologist, Australians know that you’re one of the backbones of our nation’s economy and you work bloody hard to keep it that way. With well over 400 mining, energy and resources projects either underway or planned for the near...

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7 Essential Tips For First Home Buyers

personOtto Dargan access_timeAugust 16, 2015

Is now the right time to buy a property? In reality, it’s impossible to predict what the Australian property market will do so perhaps a better question to ask is whether you’re ready for a home loan. For example, how much money do you need to purchase the property, how...

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Why Should Lawyers Use A Mortgage Broker?

personOtto Dargan access_timeJuly 22, 2015

As a lawyer, do you know much about what mortgage brokers do? You should! They’re professionals that know how to save lawyers, solicitors and barristers thousands of dollars on their home loan. The reason is that banks consider legal professionals to be low risk borrowers...

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4 Things You Should Know About Lenders Mortgage Insurance

personOtto Dargan access_timeJuly 16, 2015

You may have heard of Lenders Mortgage Insurance (LMI) before but what does it mean when it comes to getting a home loan? Well, not only can it cost you thousands of dollars upfront but it can actually stop you from borrowing altogether! First introduced in Australia in 1965,...

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9 Myths About Home Loans Exposed

personOtto Dargan access_timeJune 19, 2015

Getting a home loan is a life-changing decision and nothing makes it harder to take the leap than trying to sort home loan fact from fiction. From the difference of making monthly repayments compared to fortnightly repayments, to the actual cost of using a mortgage broker, here...

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Westpac Drops Genworth: Cheaper LMI?

personOtto Dargan access_timeFebruary 25, 2015

One of Australia’s largest banks, Westpac, recently announced that it has ended its long-standing agreement with Genworth Financial Mortgage Insurance (Genworth) to provide Lenders Mortgage Insurance (LMI). LMI is a one off premium payable when borrowing more than 80% of...

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