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Non-bank launches FHB product with no LMI requirement

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Australian Broker | 07 Feb 2014, 05:28 AM Agree 0
A non-bank lender has launched a new home loan designed to give a hand to first homebuyers
  • Monty of Perth | 07 Feb 2014, 11:39 AM Agree 0
    Now let me think. The GFC was formulated with Low interest rates in the USA and high LVRs. All due to circumstances very much like those in this article.
    Higher LVRs and low rates. A recipe for another GFC perhaps.
  • Cynical | 07 Feb 2014, 12:02 PM Agree 0
    In what world is 5.70% a low interest (today) PLUS LMI /REF Fee??? And capped to what LVR??
    How about postcode restrictions? Gen Savings?
    Qualifying assessment rates will continue to restrict applicants.
    How about flexible borrowing options split & FR??
    The devil/s will be in the detail Im sure....
  • Yep | 08 Feb 2014, 08:09 PM Agree 0
    Does the capped risk fee = LMI cost?
    @ 5.70% the rate is loaded as well.
    Last but more important - is the clawback the most aggressive of all lenders? Ar la a DEF on brokers!!
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