All Topics / Finance / NAB – LMI

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  • Profile photo of jsawtelljsawtell
    Participant
    @jsawtell
    Join Date: 2007
    Post Count: 57
    July 26, 2007 - 11:27 am

    Hi,

    Anyone know what % LMI NAB charges on a 95% loan – borrowing over $500k

    Thanks

    Profile photo of MortgagemanMortgageman
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    @mortgageman
    Join Date: 2004
    Post Count: 164
    July 26, 2007 - 11:19 pm

    Hi JSawtell,

    If between $500k and $1m it is 2.68%.

    Kind Regards,

    Cameron Perry
    Director
    Perry Financial Strategies
    Level 13, 30 Collins St
    Melbourne VIC 3000
    Ph (03) 9662 1999
    Fax (03) 9662 2044
    [email protected]

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 26, 2007 - 11:35 pm

    Might find it varies if the loan is P & I or interst only.

    With Anz for example on a P & I loan it is 2.69% but on IO it increases to 3.36%.

    Richard Taylor | Australia's leading private lender

    Profile photo of MortgagemanMortgageman
    Participant
    @mortgageman
    Join Date: 2004
    Post Count: 164
    July 29, 2007 - 11:32 pm

    Richard,

    This is the case with ANZ but not with NAB their rates are set regardless of P&I or IO.

    Kind Regards,

    Cameron Perry
    Director
    Perry Financial Strategies
    Level 13, 30 Collins St
    Melbourne VIC 3000
    Ph (03) 9662 1999
    Fax (03) 9662 2044

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 30, 2007 - 2:10 am

    Hi Cameron

    Point taken. Must admit hardly ever do a deal with NAB.

    Cheers for the update.

    Richard Taylor | Australia's leading private lender

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