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Why does my loan require LMI and how can it benefit me?

Why does my loan require LMI and how can it benefit me?

Where a borrower meets all other lending criteria, LMI is a way a borrower can own a home sooner with a smaller loan deposit than is usually required (typically the deposit required is 20% of the property value). By reducing the risk of loss on behalf of the lender, it makes it easier for you to obtain mortgage finance.

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