W
WebBoard
Guest
From: Firefrog .
Today I began some lending research. I was! all enthusiastic thinking I had saved almost all the cash I would need to seriously think about my first IP. I was told I would need at least 5K more than I anticipated. Is it normal to have LMI on 90% lends. I have 10% deposit (based on my target price range)and almost 5K for costs. Are there lenders who do not need LMI for 90% borrowings?
Or do I just have to save harder or buy less expensive prop??
The Frog
+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_
You can achieve far more than you allow yourself to believe. - David Pollitt
Today I began some lending research. I was! all enthusiastic thinking I had saved almost all the cash I would need to seriously think about my first IP. I was told I would need at least 5K more than I anticipated. Is it normal to have LMI on 90% lends. I have 10% deposit (based on my target price range)and almost 5K for costs. Are there lenders who do not need LMI for 90% borrowings?
Or do I just have to save harder or buy less expensive prop??
The Frog
+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_+_
You can achieve far more than you allow yourself to believe. - David Pollitt
Last edited by a moderator: