What is Lenders Mortgage Insurance (LMI)?

What is Lenders Mortgage Insurance (LMI)?

What is Lenders Mortgage Insurance(LMI)? LMI is a type of insurance that protects the lender – not the borrower. For example if you can’t meet your loan repayments and the house is sold for less than your loan amount, LMI ensures the lenders loss is covered. How to...