5 Home Buying Myths: Set Your Clients Straight » Mortgage Masters Group

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Why your first home loan should have these 5 features – From deposits, to monthly repayments and interest rates, taking out your first home loan can be daunting. That’s why we’ve identified five features that should be on your checklist if you’re taking.

Mortgage Masters Group: August 2016 – If you bought a house with a down payment of less than 20%, your lender required you to buy mortgage insurance. Private mortgage insurance is expensive, and you can remove it after you have met some conditions. To remove PMI, or private mortgage insurance, you must have at least 20% equity in the home.

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Can I avoid paying LMI with a personal loan? – Find out if it’s possible to avoid one of the most expensive upfront costs of a home loan with a personal loan If you haven’t saved a 20% deposit for your property purchase, you’re likely to end up.