Lenders Mortgage Insurance (LMI) Explained

LMI is a one-off premium charged when your deposit is below 20%. It protects the lender, not you. Premiums escalate sharply at 90% and 95% LVR.

Ways to avoid LMI

20% deposit
First Home Guarantee (5% deposit, no LMI)
Family Home Guarantee (2% deposit for eligible single parents)
Professional LMI waivers (doctors, lawyers, accountants and others)
Family guarantor loans

Residential Finance — Australian Mortgage Brokers

Residential Finance is an Australian mortgage broker based in Sydney, NSW. We help home buyers, investors, first home buyers, refinancers, construction borrowers, SMSF borrowers, bridging borrowers and non-residents compare loans from a panel of over 40 Australian lenders — including the major banks, customer-owned banks and specialist lenders. Our service is free to borrowers.

Phone 1300 308 516. Email admin@residential.finance. Business hours Monday–Friday 9am–5pm AEST. Operating under Australian Credit Licence 502091 (Smith Investment Group Pty Ltd).

What we do

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