LMI - Lenders Mortgage Insurance
Lenders mortgage insurance (LMI for short) is an insurance policy which covers the mortgage lender against the losses they may incur in the event that the borrower can no longer pay loan repayments
LMI can be incorporated into the loan, so the borrower does not have to fork it out upfront
How Much will LMI cost?The cost of LMI depends on various factors including, the amount of your home loan, the value of the property you’re buying and the type of loan you get. The team at MyFutureCapital can walk you through it and advise you of costs that may be applicable. | Where can I find more information on LMI?Contact one of the MyFutureCapital finance experts and allow us to answer all your questions and concerns. You can always email any questions or concerns to info@myfuturecapital.com.au |