Lenders Mortgage Waiver - You Might Qualify

24 Feb

In the medical field? A lawyer or accountant? You may be eligible in saving thousands on your home loan.

Lenders Mortgage Insurance (LMI) is a one-time, premium that protects the lender in case you default on your home loan.

If your deposit is less than 20% of the value of the property, you may need to pay LMI.

Good news is that a LMI waiver is available to particular occupations or in specific scenarios.

Here are some occupations that typically qualify for LMI waivers:

If buying a house valued at $700,000, you will save ~$15,000-$20,000 with a LMI waiver.

Each bank’s LMI Policiy is different, but you can leave the research to us and we’ll find you the most suitable bank product.

Want to know if you qualify for LMI waiver to save thousands?

Contact WestGen Finance today with our free 15 minute strategy call, and we’ll find a solution that works for you.

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