The True Cost of LMI: 5 Strategies to Avoid or Minimise Lenders Mortgage Insurance in Australia
The True Cost of LMI: 5 Strategies to Avoid or Minimise Lenders Mortgage Insurance in Australia The True Cost of LMI: 5 Strategies to Avoid or Minimise Lenders Mortgage Insurance in Australia Labels: LMI, Lenders Mortgage Insurance, First Home Buyer, Australian Home Loans For first home buyers in Australia, the single biggest hurdle after saving a deposit is often the unexpected, non-refundable cost known as **Lenders Mortgage Insurance (LMI)**. LMI is a significant fee that can add tens of thousands of dollars to your home loan, yet most borrowers mistakenly believe it protects them. What is LMI (Lenders Mortgage Insurance)? ...