I have exciting news for borrowers buying in major Australian cities … or buyers agents or real estate agents helping them!
A leading lender has just announced an exceptional LMI (Lenders Mortgage Insurance) waiver program for premium properties in select locations.
LMI Waiver Offer Details:
- Available in 145 specific suburbs across Australia
- Loan amounts up to $5 million in most eligible areas
- Special extensions:
- 10 suburbs eligible for up to $6 million
- 6 suburbs eligible for up to $8 million
Key Benefits:
- Borrow up to 95% of the property value
- Applicable for both owner-occupied and investment properties
- Available for Interest Only (I/O) or Principal & Interest (P&I) loans
Main Eligibility Criteria:
- Property must be standard residential and located in a designated Low Risk LMI postcode
- Borrower must have sufficient income to service the debt and a strong net asset position
- Debt to Income ratio must be within policy (e.g., new-to-bank customers below 6 DTI)
- Not available for construction loans
This offer could be a game-changer if you are looking to purchase high-value properties with a lower deposit. Please don’t hesitate to contact me for more details or to discuss how we can leverage this opportunity.
No LMI-Security to 5M No LMI-Security to 8MNo LMI-Conditions-1 No LMI-Conditions-2
#93 Borrow Smart Series || Professional Package Loans: Unlock Premium Benefits and Savings
