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Do you need lenders mortgage insurance?

Whether you’re trying to refinance, applying for a loan increase, or purchasing a property, an important consideration is whether you need to pay lenders mortgage insurance (LMI). Most mortgage lenders insure their loans above 80% LVR (loan-to-value ratio) if it is a full documentation loan, and over 60% LVR if it is a low documentation loan.

Questions to ask when buying off-the-plan

For investors who have never bought off-the-plan, the decision to pursue this route can be a daunting experience. While owning any property off-the-plan often involves a giant leap of faith, you have the right to ask the selling agent or developer as many questions as necessary in order to make an informed decision.

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