In an unprecedented move, Quantiphy Finance has partnered with a Big 4 lender to bring you a unique and innovative mortgage solution. This exclusive product allows eligible ‘low risk’ borrowers to access loans of up to 95% of a property’s value, significantly higher than the usual 80% threshold, without the need for Lenders Mortgage Insurance (LMI). Here’s what you need to know about this exciting opportunity:
What is the Low Risk LMI Waiver?
The Low Risk LMI Waiver is a policy designed to help borrowers who are deemed low risk by the lender. Eligible borrowers can secure loans between $2 million and $7.6 million, depending on the property’s value and location. This product is available for purchases, refinances, and even cash out options, including investment loans with interest only.
Key Features:
- Borrow More with Less: Access up to 95% of your property’s value without paying for LMI, which traditionally kicks in above 80% LVR.
- High Value Properties: Available for properties valued up to $8 million in certain high-value postcodes.
- Flexible Uses: Perfect for purchases, refinances, investment loans and equity releases, giving you more flexibility with your finances.
- No Industry Restrictions: Unlike other high LVR loans, there are no employment-based restrictions.
Eligibility Requirements:
To qualify, the borrower and the property must meet specific criteria:
- Property Location: Must be located in one of the 145 eligible postcodes.
- Borrower Profile: Must demonstrate strong repayment history, no adverse credit records, high levels of uncommitted monthly income, and a strong net asset position.
- Loan Amount: Minimum borrowing starts at $2 million, with a maximum of $7.6 million in select postcodes.
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Schedule in a time to discuss your situation with a home loan specialist
Why This Matters:
This waiver can potentially save eligible borrowers thousands in LMI premiums (LMI premiums on $2.5m is about $150k) and make it easier to secure higher loan amounts. Whether you’re looking to purchase a new home, refinance your current mortgage, or invest in property, this product provides an unparalleled opportunity to maximise your borrowing potential without the added cost of LMI. You can also use the extra equity in your existing property for a variety of purposes, potentially turbo-charging your investment capabilities.
Ready to Learn More?
Curious to see if you qualify for this innovative product? Book in a call with Quantiphy Finance today to schedule a meeting with one of our experienced mortgage brokers. Discover how the Low Risk LMI Waiver can open new doors for your financial future.
Book in a Call Today
To find out more about this exclusive offer, please book in a call and let Quantiphy Finance help you unlock the full potential of your real estate assets.
