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Completely agree with that however, to be perfectly honest,I don't think 80% finance is any different in terms risk compared to 100%. I reckon that if you are going to default, you will anyway, say for a LVR over 50%, but thats just my personal opinion.... 2.5% over the life may not be much...

thanks everyone, esp kristine Ill send her the link to this post, from what I have spoken to her, I think she will see how much the LMI, if its say $1-2k (property prices around $350k) then I think she will go 95% lvr, if its anything more then $3-$4k, since it represents 1% of the...

hi kristine. Thanks for your post. All the examples i could perfectly understand. However. You lost me with your summary about circumstances changing. My friend wants to take advantage of the current market. She has medium income however tax deductions aren't a big deal for her. She wants to buy...

what sort of info would help guys. She is quite investment savvy. No plasma for her. Any left over she would put into the next one but she said three is enough for now. So i would assume it would be kept in a term deposit or in a standard bank account.0hope this helps

got a friend who is looking to purchase 2-3 properties shortly, got enough cash to buy one of them out, this friend has asked me to explain how LMI works, so I sent her a link. next question was, which I didn't want to answer, I know that some people say LMI is a cost of doing business...