Hello Everyone and Mortgage experts,
Looking to purchase my first home (established) in and around Hammond Park, evaluating best Mortgage options and then applying for pre-approval.
Looking for Some Quotes and Offers for Pre-Approval of Mortgage Loan - 90% Mortgage on Property Value around 650K
Comments
90% LVR - you won’t find anything less than ~6.4%. If you come across anything better than that, take it. If not, find best rate near that figure.
If in doubt, call a mortgage broker, no shortage of them around to help you.
90 LVR with Up bank at 5.95%. Have been a customer before applying
Call a broker.
Are you working in one of the following professions: Accountant, Lawyer, Architect, Nurse, Doctor, Vet, Physio/Chiro/OT? If so, some banks will waive the LMI charge and price your loan at LVR 80% (rates ~6.20%). Plus you may get a $3k cashback as a first home buyer.
If not, refer to above comments.
just to clarify the above. you need to be an accredited member in one of the professional accreditations for these occupations. The requirements may differ (Provisional/Full Member) to be sufficient for the no-LMI loan. Was definitely worth it for me (a provisional CA at the time).
I've always wondered why these professions get preferential rates.
I was expecting to see a lot of trolling in relation to such a generic forum post from a new user.
Instead I see genuinely helpful responses. Faith in the OzB forum community restored.
<Looking to purchase my first home
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