How Lenders look at your Property?

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Wouldn’t it be nice to know that when you plan to approach a lender, you will have an idea about how they will look at your potential purchase. Do the lenders think its risky? How are they going to value it? Is it comparative to other similar properties around the area? Why are they charging Lenders Mortgage Insurance (LMI)? And last but not least, are the lenders going to borrow me the amount of money I needed to buy this property?

There are heaps of questions when it come to this and the fact is, there are some properties that the banks will treat more favourably than others.  This time, Bryce Holdaway shares his experience with us on his interview with Kevin Turner from Real Estate Talk.