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  1. Jamie M

    2@95% or 1@80% ?

    Even if the LVR has dropped below 80% and no LMI is payable with the new lender - if you do decide to take that loan above 80% in the future, you'll be hit with a whole new LMI premium. However, if you were with the original lender still, and you wanted to take borrowings above 80% again - you'd...
  2. Jamie M

    2@95% or 1@80% ?

    Delegated Underwriting Authority (they sign off on LMI in house). Cheers Jamie
  3. Jamie M

    2@95% or 1@80% ?

    Hi Wirra It all comes down to your overall strategy and appetite for risk. At that purchase price, the LMI won't be too ridiculous - but do note that 95% IP lends are becoming harder to obtain. One of the go to lenders I used to use has started credit scoring these apps more harshly...
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