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Understanding Lenders Mortgage Insurance (LMI)

Ever heard of Lender’s Mortgage Insurance (LMI)? Baffled by just exactly what it does? Home loan comparison s mortgage brokers Sydney explain below. Basically, it’s insurance that you have to have (generally) if you’re borrowing more than 80% of the value of the home – and you pay for it, although it protects your lender […]

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