This can be a huge cost when taking out a loan although it does depend on the Loan to Value Ratio.

For full doc loans, it is usual for Mortgage Insurance to be payable above an 80% LVR but for low doc loans, it can apply from a lower LVR.

Mortgage Insurance only provides protection for the lender in case the borrower defaults. Contrary to what many borrowers assume, it does not provide any insurance at all for the borrower even though the cost of it is worn by the borrower!

• More Fixed Rate Drops
• PLAN Lending Fixed Rates Reduced
• Should I go for fixed rates?
• Buying At Auction
• Reserve Bank Speech
• Changes in NSW Stamp Duty
• Increase the odds of getting your home loan approved
• Fixed Rate Special Deals
• New or old investment properties
• Rational behind the interest rates being left on hold

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