
67. Noel Whittaker - Australian Personal Finance Legend
Aussie Firebug
00:00
Mortgage Insurance
If you have less than 80% equity, you pay mortgage insurance. As far as I know, there are two mortgage insurers in the country. It means that you cannot shop around to get a cheaper loan. You got to be very careful these days. Also, another trick if you refinance with a different bank anyway, you may find that you don't, the house isn't worth as much. And you may be forced to mortgage insurance. So just be very careful what you do.
Transcript
Play full episode