Some non traditional enders will lend up to 106% LVR, most no deposit loans only up to 100%.

Be aware however, the costs for LMI to borrow this much. The lender may charge you up to 3.5% (most likely >2%) premium to protect themselves aganist the risk of lending you this amount.

So on a $400K property, you’re looking at $14000.

In, addition, No…[Read more]