Monday, December 20, 2010

Mortgage Insurance Can Be A Killer

Mortgage Insurance Stops More Deals Than Anything


Having to front up with mortgage insurance can be a massive loan hurdle and
catches many potential investors out. It can amount to tens of thousands of dollars 
and is necessary to get a loan with a high loan to value ratio (LVR).

That said being able to borrow a higher amount can sometimes offset this cost. it is a true cost when working out you budget though.
It is a real tangible cost of getting a loan. With the current lending restrictions due to the global financial lowering borrowing, some nutrually come under 
the mortgage insurance threshold any way. Its a n unfortunate bonus either way!

Your Property Mortgage Specialists
1300 323 544
http://investment-mortgages.com.au/

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