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LMI vs mortgage protection insurance?

What’s the difference between LMI and mortgage protection insurance?

Lenders Mortgage Insurance (LMI) is insurance lenders take out to protect against any losses incurred if the borrower is unable to repay their loan. LMI is different to Mortgage Protection Insurance. A borrower can take out Mortgage Protection Insurance separately to insure themselves against the possibility that they are unable to meet their repayment obligations.

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