> Month: July 2019 | Better Choice

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LENDERS MORTGAGE INSURANCE (LMI) – FACT VS FICTION

July 15, 2019

Along with stamp duty, the single biggest expense in buying a property can be lenders mortgage insurance (LMI). When purchasing a property, the lenders normally require the purchaser/borrower to have a deposit, (or equity in another property) totalling 20% of the purchase price and fees. For example, on a $400,000 purchase the lender would require […]

mortgage insurance
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