Saving the elusive 20% Deposit can be a struggle, LMI can assist you in purchasing your Owner Occupied or Investment Property for less with an additional fee.

LMI is an insurance policy which most Banks and Lenders will demand a borrower pay as a one-off fee if the Loan-to-Value Ratio (LVR) is more than 80%.

LMI also:

👉 Protects the lender, not the borrower, if you default on your loan

👉 Can be Paid Upfront OR can be Capitalised into the loan

👉 Can be expensive, but helps you buy a property sooner

👉 Encourages Banks & Lenders to lend to those who have Smaller Deposits

👉 LMI fees vary depending on the size of the loan, whether you are an Owner Occupier / Investor and the Industry you work in, etc.

If you have any questions? Please contact Michael, Principal Buyer’s Agent at Real Property Buyers.

Email: [email protected]
Michael – 0402 897 083