First Home Buyers Secure Property with No LMI
Yet another success story! These first-time homebuyers initiated their house-hunting journey in January with the belief that Lenders Mortgage Insurance (LMI) couldn’t be waived if they borrowed above 90%. This limitation constrained their budget, preventing them from pursuing the property of their choice. However, after consulting with us, they discovered the possibility of LMI waiver and accessing more favourable interest rates. This not only enabled them to expand their budget but also facilitated their entry into the right property with the same deposit on hand. We not only guided them in selecting the right financial product but also supported them through the entire due diligence process, from conducting a strata check to negotiating the best terms. Finally, they can get their weekends back.
Key Highlights
- LVR 95% and LMI Waived!
- First Home Buyers with sub 80% rates.
Loan Purpose
LVR
Loan Type
Repayment Type
Investment Rate Type
Offset Facility
Government Grant/Scheme Used
Yield on Property
Total Funds Required (Outside Leverage)
Equity Used
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Purchase of Residential Investment
90%
Packaged Home Loan
Interest only
Variable
Yes
No
4.5%
$0
Yes 25% of purchase price from another Investment property
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