Lenders mortgage insurance explained: what it is, who it protects, when it applies

Lenders mortgage insurance explained: what it is, who it protects, when it applies

Published on: 26/10/2026

LMI is insurance you pay for that protects the lender, not you. Here is what it is, when it usually applies, how it is paid, and why it belongs in the plan rather than in the surprise column.

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