Andrew Williams Posted November 7, 2013 Report Share Posted November 7, 2013 (edited) A little bit cheesy but a basic explanation of Lenders Mortgage Insurance (LMI) by Genworth one of the providers of LMI. Watch here: http://www.genworth.com.au/lmitoolkit/ Generally LMI is required if borrowing more than 80% of the property value although in some cases 85% without paying LMI is achievable and for Medical Professionals it may even be possible to go to 90% without having to pay LMI. Kind regards Andy Edited November 8, 2013 by Andrew Williams Quote Link to comment Share on other sites More sharing options...
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