No Mortgage Insurance or Reduced Mortgage Insurance
A few lenders offer NO Lenders Mortgage Insurance (LMI) up to 85% Loan to Value Ratio (LVR), and a few lenders from time to time waive the LMI up to 85% LVR to generate more sales and/or buy market share.
No Lenders Mortgage Insurance (LMI) to 85% LVR
Only a few lenders offer No Lenders Mortgage Insurance up to 85%.
Contact us to find out how you can apply for a 85% LVR loan with NO Lenders Mortgage Insurance.
Reduced Lenders Mortgage Insurance (LMI)
Lenders will reduce the LMI or charge NO Lender Mortgage Insurance to compete for additional business.
While a minimal list of lender LMI premiums are shown below, we provide a comparison example of how you can save on LMI.
LMI Premium Comparison Table based on a max 90% LVR
|
Loan Size
|
Lenders & Banks
|
|
A
|
B
|
C
|
D
|
E
|
|
$50K to $300K
|
0.98%
|
1.18%
|
1.26%
|
1.20%
|
1.02%
|
|
$300K to $500K
|
1.28%
|
1.53%
|
1.62%
|
1.58%
|
1.33%
|
|
$500K to $750K
|
1.68%
|
1.94%
|
1.95%
|
1.99%
|
1.68%
|
|
$750K to $1 Mil
|
1.68%
|
1.88%
|
1.95%
|
1.99%
|
1.68%
|
*State Stamp Duty rates are not included as they vary from State to State.
Lender product specials, rate discounts and loan offers are always changing, depending who is buying market share, so check back often to see the latest and greatest price competition that can only benefit you, our customer.
I’m ready to Apply.
Enquire Now to learn more, how to save yourself time and money on Lender Mortgage Insurance. Click on "Enquire Now" and we'll call you back to discuss your needs.
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