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Podcast: The Property Trio (formerly The Property Planner, Buyer and Professor)
Episode: #135: The L to P of property success: "LMI" what is it and how to reduce it, critical "Mortgage" strategies, "Negative" gearing and making i
Description: https://propertyplanning.com.au/propertyplannerbuyerprofessor/ In this week's episode Dave, Cate and Pete take you through: L - Lenders Mortgage Insurance (LMI) LMI is a type of insurance you can expect to pay if you borrow more than 80% of the property value. Although you pay for it, it protects the lender, not the borrower as above 80% lending is seen as higher risk for the lender in the event of mortgage default and subsequent mortgagee sale. The trio discuss how the insurance premium is calculated, what kind of borrower is likely to have to pay this fee and how you can...