William

Lender-assessed value can be different to the purchase price of the property. Lender-assessed value is subjective to each lender and is used to determine your Loan to Value Ratio (LVR). Table of Contents How is lender-assessed value calculated? Factors that…

Lenders’ Mortgage Insurance, or LMI, is insurance that protects the lender, not you. It’s usually a one-off, non-refundable, non-transferrable payment made by the borrower at the time of loan settlement. Here are important facts about LMI: When is LMI required?…