Lenders mortgage insurance (LMI) is required when the value of a loan is more than 80% of a property’s purchase price, or property valuation if refinancing.
Loan to Value Ratio is the percentage of the loan against the value of the property. It is how much loan you have divided by the market value of your house.
Filipinos are the fifth largest migrant community in Australia, with the government estimating some 293,770 Filipino-born residents in the country as of 2019. But despite having settled in the land down under, many still want to buy property in the Philippines–whether because of a sustained connection to Filipino culture or simply because of a desire […]
IS 50 YEARS OLD TOO OLD TO BUY A HOUSE?
They’ve always wanted to buy a home and have spoken to two brokers before they approached Maverick Finance about their chances of getting a home loan. When we understood their financial situation, we came up with a strategy.