There are certain things that are supposed to terrify us, things that go bump in the night, vampires in castles, clowns hiding in storm-water drains.
But Lenders Mortgage Insurance is as lovely as a basket of kittens and quite possibly the best invention since we started slicing up bread.
Don’t let any of BBQ experts tell you otherwise.
Lenders’ Mortgage Insurance was introduced into Australia in 1965 with the simple purpose of helping first home buyers to get into the property market.
LMI protects a lender in the event of a borrower defaulting on a residential mortgage. But remember, lenders hate risk.
Happy Lender = Better deals for us all.