No LMI Home Loans
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No LMI Home Loans
Lenders Mortgage Insurance (LMI) is usually needed when borrowing more than 80% of the property value, although some borrowers may be eligible for a 90% no LMI Home Loan.
First-time Home Owners: Can LMI be waived?
Yes, the LMI on your home loan can be waived for first-time home purchasers.
The program’s goal is to help first-time buyers get into the housing market with as low as a 5% down payment and avoid incurring Lenders Mortgage Insurance. In its budget for 2020-21, the federal government added an FHLDS to the current FHLDS programme.
- The new FHLDS plan allows for higher property price limitations.
- Only 10,000 more slots are available for first-time home purchasers.
Apply for a No LMI Home Loans today
Smart Mortgage Finances’ specialists know which lenders and mortgage insurers are best for you. Some lenders provide offers in order to gain market share, and these LMI promotions are sometimes not promoted to the general public. If you wish to take advantage of no LMI house loans, then do not hesitate to contact us. We’ll go through your credentials and let you know if you qualify for a home loan with no LMI for 90 percent of the time. Please contact us and a member of our staff will assist you through the process step-by-step. With a simple and quick approach, we give maximum finance!
ACCESS TO MORE THAN 35 AUSSIE LENDERS
Some of the brokers associated with us have access to 35 lenders across Australia.
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Talk to one of our Specialist at MortageRoom to get more information on our services and choose the Home Loan that is right for you
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Our Services aim to making your life easier with excellent Home Loan services
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Choose from over 35 lenders all over Australia to get the home loan and Finance options that works best for you!
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The world of Banking, interest rates and Home Loans, are constantly changing. Our expert Lenders are equiped with all the latest information and years of experience to help you get where you want.
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