Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of dylanodylano
    Member
    @dylano
    Join Date: 2006
    Post Count: 5
    September 3, 2006 - 6:58 am

    thanks terryw, josh.

    josh, i read your post and got a better understanding of LMI.

    as i have just taken out a 98.5% loan and paid LMI, i think perhaps a good step for me might be to look for a LMI refund if i can a get a revaluation in 12 mths time that brings my LVR to back to 80%. i think this is a real possibility, especially if a make extra payments.

    what are my chances? is LMI often adequately refunded?

    thanks
    dylano

    Profile photo of dylanodylano
    Member
    @dylano
    Join Date: 2006
    Post Count: 5
    September 2, 2006 - 12:11 am

    thanks for your help tammy.

    the reason to revalue would be to access the equity. i have only recently purchased so i am looking to know the soonest time i can it have it revalued (provided i believe it has gone up in value) so i can access equity.

    i actually meant to post this on the finance question section :-) so if any finance brokers have any answers, would be much appreciated.

    so in about 12 mths i get the bank to revalue and pay a fee i guess?. will i be able to access equity and how will LMI factor in? how does my split loan scenario work with all this?

    thanks – just trying to work out some goals and would like to know when i can access some equity.

    much appreciated – look forward to being more involved on this website over the coming years.

    Dylano

Viewing 2 posts - 1 through 2 (of 2 total)