LMI waiver for lawyers | How legal professionals can avoid LMI
A LMI waiver for lawyers purchasing a $800,000 property with a 10% deposit could save them more than $17,000 in fees by avoiding LMI.
A LMI waiver for lawyers purchasing a $800,000 property with a 10% deposit could save them more than $17,000 in fees by avoiding LMI.
A LMI waiver for doctors for someone with a 5% deposit buying near the average Australian house price could mean around $30,000 of LMI fees avoided.
An accountant purchasing a home for $600,000 with a 10% deposit could save over $10,000 in fees by avoiding LMI. This amount can extend to around $20,000 for a 10% deposit on a $1,000,000 property.
An LMI waiver for nurses can enable eligible borrowers to buy for $600,000 with a 10% deposit and save around $10,000 in fees by avoiding LMI.
An LMI waiver for physiotherapists is here. Eligible physios can buy sooner, with 10% deposit and also use an LMI waiver for investment property.
If you work in medical, legal or accounting professions you could find yourself eligible to buy a property sooner—with a LMI waiver for professionals.
Could you buy with a smaller deposit and avoid LMI? Check if you are in one of the occupations favoured for a lenders mortgage insurance waiver.
It might surprise you to learn lenders mortgage insurance protects the lender, not the borrower. It sounds unfair, but it is a way for borrowers with smaller deposits to access low deposit home loans.