Hi all
I have got a question in regards to LMI if i refinance my current loan with the same lender.
Current value as per lender: $475000
Current Loan amt: $377000
I need to refinance to get around $30,000 - $40,000 for unfortunate emergency.
I wanted to know if i will be paying LMI again as i am not moving to other bank and have been paying mortgage on time since i moved over to current bank 2 yrs ago.
If yes, is there a way to reduce it or is it usually negotiable?
Thanks in advance people.
I have got a question in regards to LMI if i refinance my current loan with the same lender.
Current value as per lender: $475000
Current Loan amt: $377000
I need to refinance to get around $30,000 - $40,000 for unfortunate emergency.
I wanted to know if i will be paying LMI again as i am not moving to other bank and have been paying mortgage on time since i moved over to current bank 2 yrs ago.
If yes, is there a way to reduce it or is it usually negotiable?
Thanks in advance people.