Hi guys, Welcome to the Advanced Video Search Engine, and you are watching LMI Calculator [How Much Is Your Lenders Mortgage Insurance?]. That video is uploaded by Mortgage Broker Australia - Hunter Galloway at 2022-03-07T14:33:06-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [fPzYqJbefqI]
| Name | LMI Calculator [How Much Is Your Lenders Mortgage Insurance?] |
| Video Uploader | Video From Mortgage Broker Australia - Hunter Galloway |
| Upload Date | This Video Uploaded At 07-03-2022 22:33:06 |
| Video Discription | https://www.huntergalloway.com.au/lmi-calculator/ https://www.huntergalloway.com.au/stamp-duty-calculator-queensland/ https://www.nhfic.gov.au/what-we-do/support-to-buy-a-home Frequently asked questions What is stamp duty? Stamp duty is a mandatory tax you pay on a property purchase in Australia. The amount of stamp duty you pay depends on a number of factors, including the property’s purchase price, the state or territory you’re purchasing in, and whether the property will be your main residence or an investment. What is LMI? Lender's mortgage insurance (LMI) is a one-off premium paid by the borrower, that protects the bank against any loss if you’re unable to repay your loan, and the proceeds of the sale are not enough to pay your loan in full. You’re likely to need to pay LMI if your loan-to-value ratio (LVR) is more than 80% i.e. you’re borrowing more than 80% of the property’s purchase price. LMI can be paid upfront or spread across the term of the loan. How do you calculate Lenders Mortgage Insurance (LMI)? The Lender’s Mortgage Insurance calculation is based on the size of your deposit and your loan amount. If you borrow over 80% of the purchase price of the property, you are likely to need to pay an LMI premium. Is LMI an upfront cost? You can pay LMI immediately, as an upfront cost. Or you may be able to choose to add it to your loan repayments, so the cost is spread across the term of the home loan. Keep in mind that adding an LMI premium to your loan balance will mean you pay interest on it over the life of the loan. For more info https://www.huntergalloway.com.au/ https://www.huntergalloway.com.au/mortgage-broker-brisbane/ For home loan enquiries https://www.huntergalloway.com.au/contact/ Find Jayden here: https://www.huntergalloway.com.au/free-assessment/ https://www.facebook.com/MortgageBrokerBrisbane/ https://www.huntergalloway.com.au/mortgage-broker-brisbane/ https://au.linkedin.com/in/jaydenvecchio T: 1300 088 065 E: https://www.huntergalloway.com.au/contact/ Mortgage Broker Brisbane - Hunter Galloway Head Office: 3 Latrobe Tce Paddington QLD 4064 PO Box 841, Paddington QLD 4064 CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000 Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality. Next steps and settling your first home Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy. Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible. If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you). https://www.huntergalloway.com.au/contact/ DISCLAIMER: This video offers no Legal, Financial and Taxation advice, and the information contained is general and does not take into account your personal situation. The Listener acknowledges, consents and agrees to the viewing of the content presented on the Channel is subject to the full Disclaimer (below) and agrees to be unconditionally bound by this Disclaimer. Full Disclaimer here – https://www.huntergalloway.com.au/youtube-disclaimer/ fPzYqJbefqI |
| Category | Education |
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