In this episode of the Buying Your First Home Podcast, we're thrilled to introduce you to ANZ's groundbreaking Low Risk LMI Waiver. This isn't part of any government scheme, and you don't need to be a professional like a doctor or lawyer to qualify. This new policy could save you hundreds of thousands of dollars on your home purchase, so you definitely want to tune in!

We'll break down how ANZ's Low Risk LMI Waiver allows eligible borrowers to borrow up to 95% of a property's value without paying any Lender's Mortgage Insurance (LMI). Whether you're purchasing, refinancing, or investing in property, this waiver could be a game-changer. However, it targets higher income segments and specific high-value suburbs across Australia, and it's currently available through a limited number of brokers, including us.

We'll explain what LMI is, why it's typically required, and how this waiver can eliminate that cost. We'll also go over the eligibility criteria, including the need for a strong credit history and high income, as well as the restrictions on property types and locations. While this product isn't for everyone, it offers significant benefits for those who qualify, such as increased borrowing capacity and reduced deposit requirements.

Hear real-life examples of how much you can save with this waiver, and learn why it might be a smart move in the current market. We'll also discuss alternative options for those who don't meet the criteria, such as professional LMI waivers, guarantor loans, and other government schemes.

If you're interested in exploring these opportunities, contact us at HunterGalloway.com.au for a free assessment. We're here to help you every step of the way in your home buying journey. Don't miss this chance to unlock substantial savings and get into the market sooner. Tune in now!

Visit HunterGalloway.com.au for more information and personalized assistance. Let's take the first step towards unlocking the door to your new home!