Changes to Mortgage Insurance

Hello

I have just heard that one of the Mortgage Insurers, PMI, has made some changes to their policy.

There are now 350 more locations which they will insure and some of the old locations have been reclassified (eg Regional to metropolitan).

The Low Doc polciy has been revised with low doc loans now available in some rural areas.

Maximum loan limits have also increased on some products.

All these policies will take effect from 01 March 2004.

If you have previously had problems getting finance on a specific location, if may pay to re-check the area using the following web site:
http://www.pmigroup.com.au/LocationWizard.asp

Terryw
Discover Home Loans
North Sydney
[email protected]