What happens if I don’t have the normal 20% deposit that most banks require?

Thursday, August 20, 2015

We recently had a client wanting to refinance but it was going to be over 80% Loan to value ratio and in normal circumstances LMI (Lenders Mortgage insurance) would be payable.

The adviser  was able to source a loan through Citibank allowing up to 85% LVR without any mortgage insurance.

The rate was very sharp as well!

A good result for all!

Please contact Matt Mannaert, one of our credit advisers for more information. Got your own question? Ask us now!