Ep. 76 Saving a deposit vs LMI
In this episode our very own Marcus Roberts talks us through the key differences between saving a 20% deposit or using Lenders Mortgage Insurance (LMI).
Here’s what you’ll learn from today’s episode:
When LMI was introduced to Australia.
How LMI works, the pros and cons.
What to be aware of if you have LMI and are considering refinancing.
Ways you could potentially avoid paying LMI.
Speakers in today’s episode:
Michelle May - Buyers Agent
Marcus Roberts - Mortgage Broker
ASK US ANYTHING!
Have a money question you want us to answer? ask@sydneypropertyinsider.com.au
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Please note that any views or opinions presented in this podcast are solely those of the speakers, and do not necessarily represent those of any business. These views and opinions are general in nature, and do not take account of your personal objectives, financial situation and needs. Please consider whether it applies in your circumstances and seek professional advice wherever appropriate.