WHAT IS LENDERS MORTGAGE INSURANCE (LMI)? AND HOW TO AVOID PAYING IT! (AUSTRALIA) // If you are low on a deposit, then it's likely you'll hear the term Lenders Mortgage Insurance, commonly referred to as LMI, a lot when shopping around for home loans. Watch this video to find out everything you need to know about LMI, how it’s calculated, and what you can do to avoid paying it!
0:00 - Intro
0:32 - What is Lenders Mortgage Insurance (LMI)?
1:17 - When is LMI payable during the home loan process?
1:58 - How is LMI calculated by lenders?
2:55 - Tips to avoid paying LMI
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First home buyers: Costs of buying a home
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