Browse Forums Home Finance Re: Can you get LMI back? 2Jan 16, 2021 7:21 am Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Can you get LMI back? 4Jan 16, 2021 7:39 am Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Can you get LMI back? 8Apr 07, 2021 8:42 am Fore2 Kruss Yes its quite a high amount! Unfortunately its already settled - so that's why I am wondering if there is any recourse once we finalise the build and can show that the initial valuation might not have been a true reflection of the total value. Seems a bit unfair to have to pay that much money for 6 months of a 30 year term when we immediately fall under the 80%. who is the LMI through? Genworth do a refund as below, If you can get a refund then you should do a refinance if you know 100% your LVR will be below 80%, and you could even source a cashback of up to $8k from some of the majors so could be in your interest to look into it more. https://www.genworth.com.au/lenders/pol ... d-refunds/ I cannot find who the bank use as their LMI company however it does have a part in the contract that says they may provide a partial refund of the loan is finalised within two years ... The 'may' is bolded and underlined. We have already been told by the builder that the value of our place will have sky Rocketted since we started building due to the current market. We are only 2 months from completion so we will be getting a valuation as soon as it's finished and see where we are at. That 16k ... Even if we only get 8-10k back is a huge amount of money for us. That pays for the blinds or the solar so we will definitely be chasing this up. brokers will also be in a position to get you a better rate than the advertised rate most times. 6 7575 My land is 260m2 (10m x 26m) located in claymore NSW. Under campbelltown council. I know in general the following setbacks would apply ground floor side setback =… 0 6927 Good luck with it. I don't know what the cost of a nice bidet seat with a 25mm air gap will be but you are obviously deducting the cost of a RPZ valve and its… 9 6984 |