WHAT ARE THE LENDING CAPS MEANS?

In an attempt to curb the high competition of the Australian housing market that locked out many would-be first home buyers, the Australian Prudential Regulation Authority (APRA) in late 2014 signaled its intention to keep a close eye on a suite of concerns, including the levels of residential lending to investors.

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kenny nguyen
HOW CAN I AVOID PAYING LMI?

Lender’s mortgage insurance (LMI) is required in many instances when a loan is worth more than 80 per cent of a property’s purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely payable.

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kenny nguyen