Purchasing Property

How to Avoid Paying LMI

How to Avoid Paying LMI

Lenders Mortgage Insurance (LMI) is required in many instances when a loan is worth more than 80% of a property’s purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely payable. Here’s how you can avoid paying the costly premium.

Should I consider Interstate to invest?

Should I consider Interstate to invest?

Thinking of investing in property? Most people only consider looking at investing in their own backyard and don’t entertain looking interstate where you may be able to achieve better capital growth and/or rental yield…

LVR

LVR

What is LVR?

The mortgage industry is a wide, wondrous world with a language all of its own. One of the many acronyms bandied about is ‘LVR’, which stands for ‘loan-to-valuation ratio’. Here’s what it means.

The home loan approval process

The home loan approval process

Following the lodgement of a home loan application, hopeful borrowers are often keen to know what will happen next and how long it will take for them to receive the verdict. The bad news is that there is no one-size-fits-all answer. The good news, however, is that a solid application is the key to keeping the approval time short.