Home Finance
Lenders Mortgage Insurance: What Is LMI In Australia & Can I Avoid Paying It?
Sonya Powe
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May 20, 2025
The costs of buying a home in Australia has been a source of a lot of public debate in recent years. It can be difficult enough saving for a deposit but you also need to factor in some other less-well-known potential fees when you’re planning to buy a house. Once such charge is Lender’s Mortgage Insurance, frequently abbreviated to LMI. But there are scenarios where you may not need to incur this cost. So let’s take a look at Lender’s Mortgage Insurance and how you might be able to avoid paying it.
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