i have been asked to contribute a low deposit premium as part of a 90% loan on an investment property my loan will be 447k this includes 5.7k low deposit premium, can anyone advise me how different this is to loan morgage insurance & if at 5.7k is this cheaper than what loan morgage insurance would be the low deposit premium is provided under the cba & is not a third party insurer, the loan will be free standing facility on the investment property & i have contributed the 10% deposit from my own funds.
i will also pay stamp duty & lagals from my own funds.
i will also pay stamp duty & lagals from my own funds.