Lenders Mortgage Insurance LMI

Lenders Mortgage Insurance is insurance often required by financial institutions when you take out a loan and the deposit you have is less than 20% of the value of the property. If you take LMI insurance you can usually borrow up to 95% of the value of the property. If you default on your loan and are required to sell a property, and the sale proceeds are insufficient to cover the outstanding loan balance and other costs incurred by your lender in relation to enforcing the mortgage, LMI insurance enables the lender to recover the difference.

Enquire about Home Loans
$
Please enter the estimated value of the property

Important Information

Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.