Do you charge Lender’s Mortgage Insurance (LMI)?
Lenders Mortgage Insurance (LMI) is usually required when you borrow more than 80% of the property’s value.
This protects the lender if you're unable to repay the loan.
If you're a first home buyer, you may be eligible for the Australian Government 5% Deposit Scheme, which can help you avoid paying LMI.
Speak to your local Member Relationship Specialist or Mobile Lender to find out more about your options.