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What is an offset account?

What is an offset account?

Tuesday 11 October 22

There’s been a lot of discussion lately around offset accounts and how they can shorten the length of your home loan and save you money. How does this work? An offset account is a transaction account that is attached to your home loan. You can

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Lender's Mortgage Insurance - LMI

Lender's Mortgage Insurance - LMI

Saturday 25 May 19

What is it?Lender’s Mortgage Insurance, or LMI, involves a special type of insurance company providing protection to the lender.  If the borrower fails to make the repayments and the lender ends up foreclosing on the loan, if the sale proceeds are not enough to cover

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Loan to value ratio - LVR

Loan to value ratio - LVR

Saturday 25 May 19

What is it?  It’s the amount of the loan divided by the value of the security property, expressed as a percentage.   So, if you were getting a $750,000 loan to purchase a $1,000,000 home, the Loan to Value Ratio, or LVR, would be 75%Why is

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