What is Lender’s Mortgage Insurance

Whilst the deposit % used to trigger LMI differs from lender to lender, the average figure in the Australian market is around 20% (eg. having a deposit of less than 20% of the loan value would trigger LMI having to be paid by the borrower).

LMI helps thousands of people each year to purchase a home who otherwise may not have satisfied individual lender criteria. Lenders usually provide borrowers with the option of either paying their LMI upfront or alternatively by adding it onto their loan amount (which is sometimes referred to as 'capitalising' the fee).

Thankfully, loans.com.au Lenders Mortgage Insurance is some of the best value in the industry, just like our loans.


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