r p replied to the topic Lenders mortgage insurance in the forum Help Needed! 12 years, 10 months ago
Hi Richard,It looks like Genworth have removed any ability to get a refund when they updated their policy this month, or sometime between my last investigation and this update.http://genworth.com.au/docs/underwriting-policy/lmi-underwriting-policy-australia-jan2012.pdf?Status=MasterFrom memory they were offering 40% refunds within 1 year and 20%…[Read more]
r p replied to the topic Lenders mortgage insurance in the forum Hi JS1,
Depending on the 12 years, 10 months agoHi JS1,Depending on the time frames and lender/mortgage insurer a partial refund is not impossible provided you can dump enough cash in to the loan.However these days any LMI refunds are increasingly difficult to apply for.<moderator: delete advertising>Cheers,Rhys.Broker/Credit Licensee