Does anyone know which lenders allow you to capatlise their LMI to the mortgage?

???

Patience is a Vitue

Major 4 and most others- as far as I am aware...

Hi Stevo,

I've found Suncorp to be the least resistant. They will allow 95% plus full capitalisation of LMI (so effectively a 99% LVR).
Of the 4 majors Homeside (NAB) don't cap LMI...
The majors also have restrictions to the LVR they will allow you to go to (must be existing customer etc) whereas Suncorp don't.

Lincoln Haugh

Ebony Rose Loans | Mortgage Broking & Investment Education | 03 8532 0000
www.ebonyrose.com.au | lincoln@ebonyrose.com.au

Neither NAB nor Anz will capitalise LMI over and above 95% on policy.

Bank West are another lender who allows LMI and there are a couple more.

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Thinking of buying your next investment property using a SMSF. Email me for a copy of my SMSF EBook.

ANZ just changed policy and will allow a 2% cap LMI at 95% LVR (existing credit customers only for 95%), although you have to cap all of the LMI, so it's more like 93% + cap LMI.

Lincoln Haugh

Ebony Rose Loans | Mortgage Broking & Investment Education | 03 8532 0000
www.ebonyrose.com.au | lincoln@ebonyrose.com.au

Yes Lincoln thats why i mentioned it was max 95%.

There are other qualifying criteria also for the 90% + Anz existing customers.

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Thinking of buying your next investment property using a SMSF. Email me for a copy of my SMSF EBook.

Hopefully they keep this new LVR policy too!

Lincoln Haugh

Ebony Rose Loans | Mortgage Broking & Investment Education | 03 8532 0000
www.ebonyrose.com.au | lincoln@ebonyrose.com.au

Just secured a loan with RAMS 95% + LMI capped.

Anyone have any issues with RAMS in the passed.  I have read reviews they were bad a few years ago but are now alot better since westpac took there reigns?

Wow if the LMI is 4% on a 95% lvr i think i would certainly be going elsewhere.

Also most Brokers charge no brokerage fee so using one does not cost you more.

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Thinking of buying your next investment property using a SMSF. Email me for a copy of my SMSF EBook.

Richard -  I'm talking about 97% LVR + 2% LMI capitalised = 99%.
Never heard of 4% LMI and you would know there are only two mortgage insurers left in Aust.

Regards

freerenterprise 0414816408
www.freerpropertyandfinance.com

Ok 97% plus + LMI is still available so is 90% with NO LMI.

Actual more than 2 Mortgage insurers left but we wont argue over it.

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Thinking of buying your next investment property using a SMSF. Email me for a copy of my SMSF EBook.

Who is offering 90% LVR with no LMI?

Patience is a Vitue

Couple of mortgage managers.

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Thinking of buying your next investment property using a SMSF. Email me for a copy of my SMSF EBook.