Why does an effective 100% no LMI mortgage performs?
- Waived Lmi
- 100 Financial No Lmi
Do a great 100% home loan with no LMI (Loan providers Financial Insurance rates), no-deposit and no adult make certain voice too good become true?
- You might obtain doing 100% of the property well worth (zero guarantor needed)
- Zero LMI (rescue approx. 4.5% of the home really worth), e.grams. into the a great $five hundred,000 mortgage, you are protecting $22,five hundred in the LMI charges
- Interest is roughly 2% more than important home loan costs
- The pace falls so you’re able to a competitive varying rate once you owe lower than 80% (extra repayments or property rising inside well worth)
- Readily available only for holder-occupied characteristics
- Up to $3,000 during the created charges
How do i qualify?
- School knowledge, bachelor studies or higher (zero TAFE, degree etcetera. is suitable)
Can i become approved?
Contact us to the 1300 889 743 otherwise complete our online research means to see if your qualify for an excellent 100% home loan no LMI.
