Join Australia's most dynamic and respected property investment community

85% No LMI?

Discussion in 'Property Finance' started by Speede, 11th Dec, 2015.

  1. Speede

    Speede Well-Known Member

    Joined:
    26th Sep, 2015
    Posts:
    220
    Location:
    A wannabe Mexican
    Any bank do this?
     
  2. Hodor

    Hodor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,033
    Location:
    Homeless
    Last I heard yes.
     
  3. albanga

    albanga Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,362
    Location:
    Melbourne
    Pretty sure Westpac, HomeLoans and maybe a couple more are. Or if your a sports star or movie star you can get 90% No LMI from a number of lenders.
     
  4. blackenator

    blackenator Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    96
    Location:
    sydney
    Liberty loans to 95% lends with no LMI I think this is for investments as well
     
  5. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    3,419
    Location:
    Perth WA
  6. Redom

    Redom Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    1,029
    Location:
    Sydney
  7. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,615
    Location:
    Canberra, Brisbane and Sunshine Coast
  8. Redom

    Redom Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    1,029
    Location:
    Sydney
  9. Jason Tyrrell

    Jason Tyrrell Well-Known Member

    Joined:
    8th Jul, 2015
    Posts:
    54
    Location:
    Sydney
    Citibank has done it for quite a while. Other lenders mentioned have become involved too.
    When all the numbers are crunched, it is not often that one of these lenders/products is the best anyway (for loans in the 80-85% LVR range that is).
     
  10. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    696
    Location:
    Sydney
  11. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,585
    Location:
    Gold Coast
    No LMI yes

    but there is a similarly valued risk fee

    ta
    rolf