Lenders Mortgage Insurance (LMI) is a type of insurance that protects a lender against financial loss in the event that the borrower is unable to fulfil their home loan repayment obligations, resulting in the property being repossessed and sold. It is important to note that LMI covers the lender, not the borrower or their guarantor.
- borrow@hunterlending.com.au
- 02 6541 5626