RBA Cash Rate: 4.35% · 1AUD = 0.71 USD · Inflation: 4.1%  

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Home Loan Variable: 5.59% (5.61%*) • Home Loan Fixed: 6.09% (7.90%*) • Fixed: 6.09% (7.90%*) • Variable: 5.59% (5.61%*) • Investment IO: 5.88% (6.08%*) • Investment PI: 5.88% (6.08%*)

What is LMI and how much does it cost?

Lenders mortgage insurance (LMI) is typically applied if your deposit is less than 20% and helps protect the lender against you defaulting on your home loan.

LMI usually costs 1% to 2% of your loan value*, but some govt schemes could help you bypass it.

DM us for more info.

To find out more, send me a DM or contact Kelvin Mason on:

0480 090 669

#buyinvestlive #homeloans #mortgage #finance #refinancing #mortgagebroker #home #investmentproperty #firsthomebuyer #fhlds #refinance #sydney #sydneyrealestate #sydneyproperty #sydneymortgagebroker #sydneybroker #sydneyfinance #nsw #nswproperty #nswrealestate #nswfinance #nswbroker

* according to Helia

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      REVIEW

Owner Occ. (Selected P&I Rates)
Interest*
5.59%
Comparison*
5.61%
   
5.68%
5.89%
   
5.74%
5.77%
   
5.83%
5.84%
   
Selected Invest Products (P&I)
Interest*
5.88%
Comparison*
6.08%
   
5.89%
5.91%
   
5.93%
5.95%
   
5.94%
5.96%
   

What is LMI and how much does it cost?

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