Search results

The issue is the cash out policy. Most lenders have restrictions once LMI is involved. Many like Macquarie and AMP have little restriction but the big 4 except Westpac does. A straight 90% refinance with no cash out is easy but then what's the point?

But devank for most people the limiting factor is equity, not cashflow - which is why LMI is popular with investors.

Yes but we all know who they insure with so we can pick our bank properly. Plus most banks have a DUA so it doesn't need to go to the mortgage insurer directly.

Just make the repayments and the banks leave you alone, regardless of what LVR you have.