Lenders Mortgage Insurance (LMI) protects the lender if a borrower defaults on their loan.

It’s usually required if your deposit is less than 20% of the property’s value. Some lenders allow you to capitalise the LMI premium into your loan amount.

As mortgage brokers, we can help you explore strategies to minimise or avoid LMI.

What is Lenders Mortgage Insurance (LMI), and do I need to pay it?