If you're in a situation where you have to pay LMI when buying your investment property, you might feel like you're paying a lot of money towards something you don't really see anything for, but have you ever considered that the lender you're using could be charging you 10% - 20% or even more for the exact same lenders mortgage insurance? 

This episode we talk about LMI with broker Tom Newman, how the costs can vary greatly, what you need to know about and what to do to find out you're not overpaying. 

Chat in more detail with Tom Newman:

https://www.summitfinancewa.com.au/

Genworth LMI calculator:

https://www.genworth.com.au/products/tools/lmi-fee-estimator

Join Todd Sloan each week, to pick the brains of a different industry leader to bring you the best property content in the country.

 

Want more help understanding how to buy property faster and for less? Get your copy of Todd Sloan’s book today:

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Dymocks:

https://www.dymocks.com.au/book/australias-home-buying-guide-by-todd-sloan-9780648980490?gclid=Cj0KCQjwnJaKBhDgARIsAHmvz6etuq25nQ2CSirN8z-UHAIshbp5MxeuD7ECMvs5Oghg2Pab34Fyl0QaAuQhEALw_wcB

 

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All discussions are general in nature and should never be considered financial advice, please seek your own professional financial advice. The content displayed on the website, podcast and blog is