In this episode, Tim and Russell are discussing LMI, or lenders mortgage insurance. This is a fee that a bank may require a borrower to pay if they have a small deposit, generally less than 20%. The amount of LMI is typically between 2-3% of the loan amount. Tim and Russell discuss the option of capitalizing the LMI fee, which means adding it to the loan amount. They also discuss the potential benefits of paying LMI in order to get into the property market sooner rather than waiting to save a larger deposit.

At Pure Real Estate, we specialize in managing residential properties. Our experienced team has a proven track record of maximizing rental income and minimizing vacancy rates for our clients.

We offer a range of services, including tenant screening and placement, rent collection, and property maintenance. We also provide regular communication and transparent reporting to keep our clients informed about the performance of their properties.

If you are interested in learning more about what we can offer, please don’t hesitate to reach out. We would be happy to discuss your specific property management needs and provide a personalized proposal. Thank you for considering Pure Real Estate.