With the continual competition amongst the banks to acquire your business, there is now opportunity to borrow up to 85% LVR before requiring Lender Mortgage Insurance.

Traditionally LMI is payable when borrowing over 80% LVR for a full doc loan to protect the lender in the instance you defaulted.

This allows home buyers &/or investors with a clean credit history and secure employment base to maximise gearing before being charged an LMI premium, whether it be for a purchase or refinance.