Browse Forums Home Finance Re: Insurance needed for loan, can't insure? 2Jun 09, 2019 12:34 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: Insurance needed for loan, can't insure? 4Jun 09, 2019 3:24 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Insurance needed for loan, can't insure? 5Jun 09, 2019 11:16 pm becjarrettdalton So it’s house insurance not mortgage insurance? Refer it back to your solicitor. I would suggest the house is not as represented & that’s your out, but generally you’ll have to have insurance to settle on the loan....which technicality May assist you. Yes the house insurance, LMI wasn't needed. Thank you i'll follow up with a solicitor. The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 19108 Hi there, long-time lurker but first time posting. I've bought a house 2 and a bit years ago and last year we had some major water damage on a converted pergola area… 0 7932 I apologise for any confusion, but your understanding is correct. We approached our situation differently based on advice from… 11 53222 |