Search results

Yeah you would. If you've refinanced to another lender - and then borrow above 80% you'll pay a whole new LMI premium. If you stick with your current lender - and refinance above 80% later on, they'll take into account the LMI fee you paid previously, which means a lower LMI charge...

Hey cimbom Are you talking about a refi to another bank - and then borrowing above 80% with that new bank? If so - a new LMI charge will be payable with the new bank. Cheers Jamie

Cool - if your current lender allows for upfront valuation then there's no real harm in getting one. Agree with Tobe on the LMI refund though - ain't happening. Cheers Jamie

Hey cimbom They usually go off at least three comparable sales. So whilst that one might support a higher val - there could be some other recent sales that don't. Also - if you do get a reval done, you'll need to mention that recent sale to the valuer because the sale may not have been...