Waived LMI
Why Do Banks Give Lawyers Special Treatment?
Not many lawyers, solicitors or barristers know this but Australian lenders have a bit of a love affair with you guys. Before you get creeped out, what we’re saying is that banks are willing to offer massive discounts on your home loan because they consider legal professionals...
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bookmarkTags: Exemption, Lenders Mortgage Insurance, Mortgage Broker, Waived LMI
Why Should Lawyers Use A Mortgage Broker?
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...
Read morefolderCategory: Home Loan Articles
bookmarkTags: Exemption, Home Loan, Lenders Mortgage Insurance, LMI, Mortgage Broker, Waived LMI
Westpac Drops Genworth: Cheaper LMI?
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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bookmarkTags: LMI, LMI discount, Waived LMI
