Lenders Mortgage Insurance (LMI) is an insurance that you pay to cover the bank or lender against your risk. It is generally paid when the Loan to Value Ratio (LVR) is over 80%, so if you are borrowing over 80% of the value of the property. But did you know that there are ways to reduce or remove it? That’s where an experienced Mortgage Broker can help!

Dev Raga interviews Sphere Home Loan’s Director Rachelle Kroon and they talk Private Bank, Medical Professional Lending, Commercial Loans, and Loan Structures.

Cross collateralisation is a strategy used in lending where multiple assets are used to secure a loan or multiple loans.

While it can offer benefits like increased borrowing capacity, it also poses risks. At Sphere Home Loans, we understand the complexities of cross collateralisation and its potential implications for borrowers. We have the expertise to help our clients navigate this strategy effectively, ensuring they understand the risks and benefits involved.

Sphere Home Loans Director has written this month's blog on the intricacies of cross collateralisation, and it is worth a read!

John chats with mortgage broker Rachelle Kroon from Sphere Home Loans about valuations, private banks, knock down rebuild loans & short term rentals.

John chats with mortgage broker Rachelle Kroon from Sphere Home Loans about what's happening in the lending space.

Government Grants and Incentives for First Home Buyers and other eligible parties are both state and nationally based. It is important to note the National schemes are run by Financial Year. These are up for review in July 2024 and changes may be made to numbers of places available, income threshold or any other eligibility criteria without prior notice.

So read on to find out about possible changes you need to know about.