Recent content by WA Handy Man

Hi Pat, is there a reason why the existing $185K loan can't be increased. Is the $185K a Navy Loan? I believe their may be a lender out there who is prepared to take a second mortgage behind your low rate loan to raise the $30K you need.

Unfortunately, the new lender will charge you the full LMI payable.

If your increase is going to the same lender than the LMI already paid will definitely form a portion of the new premium.

Hey hello1234, unfortunately they won't do it. Have had a few wins with LMI over the years but not on this one. Banks have really clamped down on any LMI refunds since about January 2012.