With most banks, LMI (mortgage insurance) is capitalised on top of your loan, so if you're strap for cash, it's basically added on to your loan

No probs – in terms of one direct, it is online and over the phone. It is good because it is ANZ's subsidiary, so in essence you are dealing with a major bank but just dont have access to ANZ's branches and other financial productsHard to say if rates will drop in the next 3 years. Just a thought, what will happen to Australia's economy once the…[Read more]

HiFirstly, If i were you, I would not place all my trust in brokers because they are not entirely independent. Their recommendation is relationship driven and they often only recommend 3 to 5 lenders. Put yourself in a broker's shoes, do you want to know all the products from 50 lenders?Secondly, if you are going for price alone, one direct has th…[Read more]