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From: Donna L

I know this has been on before but I can't
find it.

What is the rate of mortgage insurance

Donna L
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Reply: 1
From: Rolf Latham

Hi Donna

It varies from around 1 % to as much as 3.0 of the loan value.

It depends on a good good half dozen variables including the Loan to Valuation Ratio, the LMI Provider, whether its P&I or I/O, the state of oz you are in (diff stamp duties) etc

The higher the LVR the higher the % premium

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