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Insurance
Buying Your First Home?

Insurance

Lenders Mortgage Insurance - Check Your Eligibility
To protect your lender, an insurance premium gets added to your home loan amount at the very beginning. Depending upon the total amount of home loan that you are borrowing, a premium will be calculated. This type of insurance is also known as Lenders Mortgage Insurance. If the amount that you are borrowing is less, then your insurance premium will be less too. And the same is true vice versa. That ensures that your lender gets their money if you fail to repay the borrowed home loan. And One Stop Mortgage Shop is here to help you with all your doubts and concerns regarding mortgage insurance.
When Do You Need A Lenders Mortgage Insurance?
Not everyone has to pay the insurance premium when borrowing a home loan. If your equity is less than 20% and you borrow the rest of the money from a lender, you must get an LMI. And more importantly, your lender decides the valuation of your property. So, you have to keep an eye out for this 20% mark while borrowing money from your lenders. Your lender will tell you about the LMI when you first approach them for a home loan. Well, you don’t have to go through all the processes alone. One Stop Mortgage Shop is here to help you out. Our mortgage brokers will put the best deal on the table for you - a home loan with a low interest rate and easy refinancing options. Moreover, we will see if you are eligible for the waiving off of the LMI or not.
Visit Our partner company for any Conveyancing Needs
We have the perfect company for your property conveyancing in Australia. With their team by your side, you no longer have to worry about the transfer of property from one party to another. All the important events such as signing the lease/contract, transferring funds, and handing over the keys will be taken care of by One Stop Mortgage Shop. Moreover, you will receive detailed reports on each property, so you can decide whether to invest in it or not. Their services are top-notch, they are incredibly professional, and we can vouch for them as well.
Get Your Hands On Comprehensive Property Reports By One Stop Mortgage Shop!
One Stop Mortgage Shop has sustained its success in this domain thanks to top-quality service and excellent customer service over 25+ years across Sydney. We understand that buying a new home is an exciting yet anxious activity for most families and individuals, especially if they have never purchased any property before. Don’t worry; One Stop Mortgage Shop is here to help you through. Our team will help you secure a low-interest home loan for your new house and generate a property report for the same. With this document in your hand, nothing stopping you from getting the best deal for your targeted property. Just come to us and tell us the location of your target property; our experts will indeed evaluate that property and report to you within a few days. Call us now!
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