I spent the morning trawling through so many website trying to find the best current deal on a 85% lend. I want to spend a little more on the next family home and only have 15% deposit after you take the ridiculously high stamp duty cost into account. Over the next year or so I should have more cash available as investment mature so keen for variable, offset.
Really hoping someone has a lead based on these circumstances that might offer the best possible deal.
I really wanted to avoid lenders mortgage insurance (LMI), but I don't think it is avoidable based on the current market value of a legitimately sized home in a decent area (South Australia).
Anyone have info on a lender doing any deals, maybe lending on 85% no LMI?