LMI Refund

Viewing 7 posts - 1 through 7 (of 7 total)

Scotty B
Member
@scotty-b
Join Date: 2004
Post Count: 44
October 6, 2004 - 9:49 am
Hi
I’ve been told I can get a refund on some LMI that I paid last year in a deal.
I’ve recently refinanced and now have an LVR of less than 80% therefore I don’t need LMI [biggrin]
How do I go about organising the refund???
Cheers
Scott
I live in Karratha and for a fee find quality cash positive deals there, email me at [email protected] to join our database
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
October 6, 2004 - 9:59 am
Write to your lender requesting it.
Explain the reasons why.
It will take a while to get through but is possible.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
3 year fixed rate – 6.69%
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
brahms
Participant
@brahms
Join Date: 2004
Post Count: 485
October 6, 2004 - 10:14 am
depending on the time line (you purchased last year) you may be able to recover some of the cost – from memory the amount recoverable is subject to time and to the MI’s policy.
there are some posts on this forum which may assist and a quick search might be in order.
cheers
Brendan Heagney
Mortgage Broker
07 3240 4815
kay henry
Member
@kay-henry
Join Date: 2003
Post Count: 2,737
October 6, 2004 - 10:44 am
Scotty,
Here’s some general info from Your Mortgage Mag. It’s quite useful:
http://www.yourmortgage.com.au/features/letters/index.cfm?story_id=31258
kay henry
brahms
Participant
@brahms
Join Date: 2004
Post Count: 485
October 6, 2004 - 10:57 am
right click and save that one kh
cheers
Brendan Heagney
Mortgage Broker
07 3240 4815
Scotty B
Member
@scotty-b
Join Date: 2004
Post Count: 44
October 11, 2004 - 3:05 am
Hi All
Cheers for the info and link.
I contacted the bank and I should get my refund in about 3-4 weeks.
It isn’t a lot, $295, but I’m very happy to be getting anything back at all + every little bit helps [biggrin]
Thanks
Scott
I live in Karratha and for a fee find quality cash positive deals there, email me at [email protected] to join our database
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
October 11, 2004 - 3:13 am
Well done mate.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
3 year fixed rate – 6.69%
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.