What is LMI based on?

The percentage is calculated as a percentage of the loan amount.

How much is LMI in Australia?

Stamp duty on mortgage insurance is added to the premium in the state in which the security property is located. The premium was 10.0% in VIC and 9.0% in QLD.

How do you avoid the cost of LMI?

If you want to save money, you should check your eligibility for a professional home loan. You can get a relative to go guarantor on your loan.

How much deposit do I need with LMI?

If you don’t have a home loan deposit, the lender will usually require LMI.

How much deposit do I need with LMI?

If you don’t have a home loan deposit, the lender will usually require LMI.

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