Posts tagged lenders mortgage insurance
Lenders Mortgage Insurance: What is it and what can affect the cost?

In 2016, Australia’s biggest mortgage providers QBE LMI and Genworth Financial released a report on LMI that found 70% of borrowers mistakenly believe that LMI is designed to protect the borrower in case of a loan default. In reality, it’s quite the opposite. While there are separate products designed to protect the borrower, the purpose of Lender’s Mortgage Insurance is to protect the lender.

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