LMI estimator tool

Thanks for that.

I am looking to buy an IP and for the first time borrow more than 80%.

On a $460k purchase (what they want) the difference in borrowing $400k as opposed to $420 is the difference between $5k and $10k.

The $5k I don't mind .. so I may go that route .. considering the property - in tidy updated condition within 15km of Melbourne CBD and within 500m of a train station will give me about $800pw in rent .. I may well increase my offer from $430k.

cheers

RightValue
 
The genworth calculator should be used as a guide only. Different lenders do use different insurers and some will have arrangements where they get different rates on the premiums.

The % premium charged changes depending on the loan size and the LVR.
 
RAMS WBC and SGIO now all uses the merged WLMI entity for loans to 90 %.

Above 90 % they flick it Genworth

there are a few other odds and sodds self insurers here and there

ta
rolf
 
Back
Top