Thanks Richard.
Are there Lenders that offer 97% LVR with LMI capitalised?
No 95% + LMI is about the max and they are few and far between.
Neither Gemworth or QBE PMI Will insure a loan over 95% these dayshence all the lender have pulled out of this lvr.
Some of the majors are back to 90% LVR less LMI.Richard Taylor | Australia's leading private lender
So, there's really no such thing as a 100% LVR loan for Investment purposes…if you have to have 20% equity regardless?
What about Owner occupied? Is that the same?
St George have just tightened up their policy on 100% loans even further.
Commitment cover ratio is now 1.25% (as opposed to 1.10%) which means you'll be able to borrow less…
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