When looking to buy a home, there are various costs on top of your home loan deposit that you have to consider. Lenders Mortgage Insurance could be one of those costs.
Here’s a quick and simple animated explainer video about when Lenders Mortgage Insurance (LMI) applies, how it’s calculated and some examples.
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This presentation provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances. Your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal; tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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