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The Benefits of Lenders Mortgage Insurance ( LMI)
Added On:
Wed 24/Mar/2010
Last Updated:
Wed 24/Mar/2010
Blog Name:
The Benefits of Lenders Mortgage Insurance ( LMI)
Description:
LMI was introduced some time ago to enable lenders to offer higher percentage loans. The insurance essentially protects the lender for the amount above the 80 per cent level should the borrower default and ultimately end up with their property being repossessed.
http://www.cfsfinance.com.au/_blog/CFS_Blog/post/The_Benefits_of_Lenders_Mortgage_Insurance_%28_LMI%29/
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