What Is LMI? Everything You Need to Know

What is LMI? LMI stands for Lenders Mortgage Insurance. Firstly, lets straighten one thing out – LMI does not protect you, the borrower. It is insurance paid by the borrower to protect the lender, for any losses suffered if the borrower cannot meet the loan repayments. If the borrower defaults on their loan, the lender can… Continue reading What Is LMI? Everything You Need to Know