Search results

Given that amount, it seems to me that you've paid LMI on the increase, rather than a premium for an entirely new policy over the whole loan. Most lenders operate in this manner. Whilst an increase premium for an 81% loan does seem a little odd, there's not enough information to give a...

Under these circumstances RAMS was probably the best choice. It is a risky scenario (as deemed by most lenders), but RAMS does tend to have a niche here. Tobe is with RAMS. Send him a PM and perhaps he can dig a bit deeper.

When you do an increase, they usually calculate the new premium, deduct what you've previously paid and you pay the difference. LMI premiums have increased significantly over the last few years, so there is a chance that you'd have to pay more even though your LVR may be lower. However it...