Given The Prospects of Interest Rates Rising, Bite What You Can Chew!
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Given The Prospects of Interest Rates Rising, Bite What You Can Chew!

Given the prospects of interest rates rising, bite what you can chew! First-home buyers with small deposits risk negative equity. Consider, for example, a Sydney buyer who has a $45,000 deposit for a $900,000 home in the scheme. If prices fall in line with NAB forecasts, down about 10 percent by the end of 2023,...

Posted by April 28, 2022April 28, 2022
What is Lender Mortgage Insurance (LMI)?
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What is Lender Mortgage Insurance (LMI)?

Before diving deep, let us tell you what Lenders Mortgage Insurance or LMI is. LMI is a type of insurance created to protect the lender, which is usually your bank if you (as a borrower) fail to pay back your home loan. LMI or Lenders Mortgage Insurance comes to play when your loan puts the...

Posted by April 19, 2022April 19, 2022