Demystifying Lenders Mortgage Insurance (LMI)
You may have heard us speak about Lenders Mortgage Insurance in previous articles, but a few things have changed with LMI since then.
It’s designed to protect the lender in the case that the borrower (you) cannot meet repayments. However, due to the current market, you may need less of a deposit to avoid paying LMI.
To find out more about what has changed…