Lenders Mortgage Insurance (LMI)
Lenders Mortgage Insurance (LMI) is a great tool for borrowers that might not otherwise have the means to obtain the full 20% deposit for a property purchase.
However, don't be fooled. LMI does not cover the purchaser. It covers the financier in case you falter on your repayments.
Its also to be known that different lenders have different LMI insurers. This means across ALL Banks the premium for LMI can change dramatically. This is also dependent on this and the expected LVR.
This is where I can help. With 40+ Lenders we can sift through the options and compare not only rate, but LMI premiums as well. This will deliver you the complete package before we move to the next step. A massive leg up for you when considering LMI.