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I have been told that if I refinance within 12 months of a loan settlement, I may be entitled to a refund on the original LMI.
Is this actually true?
ThanksYes it all depends on the lender and their arrangement with the individual mortgage insurer.
Upto 60% maybe refunded with certain lenders if you refinance in the first 12 months.
Just got to watch the early repayment penalties with a lot of lenders if you are thinking of doing this.
Richard Taylor | Australia's leading private lender
Viewing 2 posts - 1 through 2 (of 2 total)
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