NAB-owned banking brand UBank has announced it will cease lender’s mortgage insurance (LMI) requirements for mortgage applicants with loan-to-values between 80 and 85 percent.
For an average $480,000 loan, Ubank estimates borrowers will save up to $5000 on LMI costs.
The UBank offer applies to owner occupiers applying for standard variable rate mortgages (SVR) and three-year fixed rate loans.
However the interest rates for LMI waivered borrowers will be higher, costing these borrowers between $720 and $960 per year (on the aforementioned average loan of $480,000).
- Forums
- ASX - By Stock
- Former GMA customer waiving LMI fees - for a fee
NAB-owned banking brand UBank has announced it will cease...
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HLI (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.84 |
Change
-0.020(0.52%) |
Mkt cap ! $1.120B |
Open | High | Low | Value | Volume |
$3.87 | $3.89 | $3.76 | $4.317M | 1.129M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 7707 | $3.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.85 | 2540 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5197 | 3.840 |
2 | 5059 | 3.830 |
2 | 5059 | 3.820 |
5 | 23432 | 3.810 |
2 | 51863 | 3.800 |
Price($) | Vol. | No. |
---|---|---|
3.860 | 8544 | 2 |
3.870 | 21382 | 4 |
3.880 | 1863 | 1 |
3.890 | 1737 | 1 |
3.900 | 30094 | 4 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
$3.85 |
  |
Change
-0.020 ( 0.23 %) |
|||
Open | High | Low | Volume | ||
$3.86 | $3.88 | $3.76 | 211856 | ||
Last updated 15.59pm 07/05/2024 ? |
Featured News
HLI (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online