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In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of the market, focusing on inflation rates and their potential impact on interest rates. He delves into the costs associated with Lenders Mortgage Insurance (LMI) when purchasing property, explaining how it varies based on loan-to-value ratios. Cang also walks you through the strategies for waiving mortgage insurance, including professional exemptions and government schemes, while emphasizing the importance of structuring loans effectively to minimize costs. Let’s Wealth Coffee Chat!
00:00 – Introduction
01:59 – Show starts – Inflation has dropped to 2.1%
03:27 – How much does LMI cost on your loan amount? Let’s work it out.
06:46 – Between 90-95% LVR lenders change their rules around mortgage insurance.
08:20 – Can you waive mortgage insurance?
12:03 – Using your properties as security for your children.
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What Is Negative Gearing And How Does It Work?
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