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Should investors try to avoid lender's mortgage insurance (LMI)?

By Reporter 30 September 2013 | 1 minute read

Stephanie Cook, Should investors try to avoid lender's mortgage insurance (LMI)?

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Stephanie Cook,Mortgage Choice, Should investors try to avoid lender's mortgage insurance (LMI)?

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RELATED TERMS

Insurance

In real estate, insurance is a contract or policy that protects an individual or entity’s property from damages and losses, receiving reimbursement from an insurance company.

Mortgage

Mortgages are loans that are used to buy homes and other real estate where the property itself serves as collateral for the loan.

Mortgage

Mortgages are loans that are used to buy homes and other real estates where the property itself serves as collateral for the loan.



Should investors try to avoid lender's mortgage insurance (LMI)?
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