NO LMI 85%
No lenders mortgage insurance up to 85%
Why was this site set up?
Everyday in Australia some home loan customers are paying mortgage insurance for loans that are between 80% and 85% LVR
There is a general perception that mortgage insurance is payable once a loan goes above 80% Loan to Value Ratio or 80%LVR. This mantra has been repeated so often over the years that it is now commonly believed as the norm.
What is not commonly known is periodically, lenders sometimes waive the mortgage insurance up to 85%.
Currently there are lenders that will waive the insurance up to 85%
They each have different criteria, however they are all common in that you must have absolutely clean credit and stable employment.
You must be an Australian or Permanent resident.
Minimum loan size of $200,000 and maximum of $1million.
The key point to get is that if your loan is:-
- over 80% LVR,
- 81% LVR
- 82% LVR
- 83% LVR
- 84% LVR
- 85% LVR
call us on
before you sign up for Lenders Mortgage Insurance.
The no lmi 85% loan may be available in the following mortgage insurance postcodes.
Even if your loan is above 85% we still may be able to save you on your Lenders mortgage insurance premium.
For even further savings on your home loan and lenders mortgage insurance see compare home loans.
The following video from QBE lenders mortgage insurance may also be of interest to you. It gives an overview as to where they see the property market between 2010 and 2012.
Not advice! Information only
