2 Followers
Hi We wish to refinance home loan & credit cards. Is there any IO home loans available for more than 80%LVR without mortgage insurance? Would like a split loan. Also are banks now doing valuations online instead of a physical valuation? Thanks
Responses
Hi Leanne,
Great question. The are several lwnders who do loans with lvr's up to 90% for professionals. These are professions like lawyers, doctors and accountants and you mortgae broker should be able to check if you qualify. If you don't think you would qualify for these groups there is alao a 85% lvr product from Citibank that also might be suitable.
Hope this helps.
Regards Albert
Awesome Lending Solutions
Yes to interest only yes to greater than 80% lvr and yes to split loans and yes to online valuations....that's why u need to have your full needs assessed by a broker and then they will present the best deals in the market for your needs for you to select your preferred options 😄
Hi Leanne, yes to 80% I/O without mortgage insurance.... some lenders will do 85%.. but the rate will suffer...there are 90% options in the market with no insurance but then they charge a risk fee which adds up to the same.. a number of lenders will accept their own online valuations at 80% and one i know of up to b 90% LVR.
Happy to discuss
Regards Ariel
Leanne
There's an option I'm aware of to go to 85% without LMI.
But they will use a full valuation.
Some professionals can qualify for 90% no LMI products with some lenders if they fit the criteria.
Yes, there are lenders, who will use E-Vals up to 80% LVR.
- Ben