Get into the Market with a Low Deposit: Understanding LMI
Coming into the market with a minimum deposit? That’s where LMI comes in. This insurance is what allows banks to lend higher amounts on minimum deposit. The borrower pays the premium as a once only fee and the premium can be added into your loan. Of course, if you have a higher deposit best to avoid the cost of LMI but for many borrowers it’s the key to entering the market.
Learn more about Lenders Mortgage Insurance (LMI) from the Insurance Council of Australia (ICA).
Find out how much you can borrow. Get a free assessment today.
Tayla Phipps: 0428 793 911
tayla@mpfhomeloans.com.au
Book Your Appointment
Get into the Market with a Low Deposit: Understanding LMI
Coming into the market with a minimum deposit? That’s where LMI comes in. This insurance is what allows banks to lend higher amounts on minimum deposit. The borrower pays the premium as a once only fee and the premium can be added into your loan. Of course, if you have a higher deposit best to avoid the cost of LMI but for many borrowers it’s the key to entering the market.
Learn more about Lenders Mortgage Insurance (LMI) from the Insurance Council of Australia (ICA).
Find out how much you can borrow. Get a free assessment today.
Tayla Phipps: 0428 793 911
tayla@mpfhomeloans.com.au
Book Your Appointment
Better service starts here
Better service starts here
“The team at MPF were amazing to deal with. Excellent and timely communication which made the entire purchasing process so easy. We will definitely be using them again.”
J Manning
“I’ve used MPF twice now and both Cameron and Tayla have been such wonderful help. They are a wealth of knowledge, efficient and their constant communication left me feeling involved in what was happening every step of the way! Thanks for making me feel at ease through our purchasing process!”
S Pastyn
“High level of professionalism and responsiveness. Amazing service in complex, time pressured circumstances. Tayla was a pleasure to deal with. I would recommend MPF without hesitation.”
S Harrison