Daily Archives: January 28, 2016
What’s Lenders Mortgage Insurance or LMI?
Lenders Mortgage Insurance (LMI) is taken out by the lender (the bank) and paid by you (the customer) to protect the bank in the event that you cannot meet your home loan repayments. Therefore, in the event when the lender … Continue reading
Posted in Finance, Investment property, Mortgage, Mortgage Broker
Tagged Mortgage Insurance
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