– The #1 question first time home buyers ask is: How much mortgage do I qualify for? This is, by far, the wrong question to be asking. They shouldn’t be basing their purchase price based on what mortgage they qualify for but instead, how much of a mortgage payment are they comfortable with paying every month.
LMI Calculator: Calculate Lenders Mortgage Insurance – How much is Lenders Mortgage Insurance? There can huge differences in your Lenders Mortgage Insurance (LMI) premium depending on your Loan to Value Ratio (LVR) and the lender you choose.. Use this LMI calculator to find the cheapest LMI premium from our panel of lenders and then speak with one of our mortgage brokers to find out if you qualify.