Posted in deposit
What is Lenders Mortgage Insurance (LMI)?
Posted by Chris Collard
on 16 April 2024
Purchasing your first home is an exciting milestone, but saving 20% for deposit – particularly if you’re also paying rent and navigating cost-of-living pressures – can feel like an impossible mission.
Consider options like Lenders Mortgage Insurance (LMI) to help achieve your dream of homeownership.
Let's discuss the basics of LMI and answer some FAQs:
1) How does LMI work?
LMI is a type of insurance that a lender takes out to protect itself against the risk of ...
Posted in:Home loansFirst Home BuyersLenders Mortgage InsuranceLMIdeposit |