In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Lenders Mortgage Insurance (LMI) is a type of insurance that you may be required to pay at the beginning of a home loan. Its goal is to prevent the bank or lender that is sponsoring the loan from losing money, which reduces the risk of lending to you.
Another benefit is that house prices in Australia, continue to rise. Lenders mortgage insurance means your home loan will be a little larger, but the trade-off is you can get on the property ladder sooner – and that means you’ll likely benefit from a better purchase price.
In many ways, there’s never been a better time to buy a home. Interest rates are currently as low as they’ve ever been. The only fly in the ointment is how quickly house prices increase, but LMI can remove that barrier.