Lenders Mortgage Insurance or LMI allow home buyers to have the opportunity to own their house sooner with a little deposit. With LMI added, loan providers are more inclined to approve your home loan as high as 95% of the purchase price, confident that they’ll be able to recover their pay out if the borrower cannot make the mortgage repayments. This graphic let you know how to lower or even avoid paying for LMI premiums.
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