Well then go to the banks own website and get an estimate. If they overquote, take it to the bank and say "look, your own website gave me this figure".
I might add that once you hit that 90% mark the premium can jump considerably depending on your borrowing amount. Every step there on needs a good mortgage manager ie broker.
Apparently - 85% no LMI is possible. I've not put one through yet and am sceptical.
If you want figures - ring your bank or broker. That's not to say they won't change by the time your loan gets to LMI.
How much does the property you want to buy increase in value while you are saving that extra 10%? Also means you can top up loan to higher % so you are closer to the next IP already.
How much does the property you want to buy increase in value while you are saving that extra 10%? Also means you can top up loan to higher % so you are closer to the next IP already.
Yeah. I am going to have to take out LMI. Was just factoring in cost. Also I had heard that some go beyond 80% with no LMI (perhaps with higher interest rate). Cant remember which bank?