Lenders Mortgage Insurance
What is Lenders Mortgage Insurance, or as it is commonly referred to, what is LMI?
Lenders Mortgage Insurance, commonly referred to as LMI, usually applies when you borrow more than 80 percent of the value of your property, new or established. Lenders are usually not comfortable lending more than 80 percent of a property's value and therefore take out insurance to cover this perceived risk.
Check out our free download that goes into detail on the following:
- Why use LMI?
- What does it cost?
- How to avoid LMI?
- Is paying LMI a bad thing?
- How to reduce cost of LMI?
Download our Free Article "Lenders Mortgage Insurance (LMI) Is It Good Or Bad?" via the button on this page