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How does LMI get paid?

How does LMI get paid?

We pass LMI on as a fee to the borrower without any additional mark up. This fee will be disclosed on your loan schedule and added to your home loan balance and will be payable at draw down. You will have to pay interest on the LMI amount over the term of the loan, and the amount will increase what you owe on your loan, along with your minimum monthly repayments.

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