02/06/2026
Everyone loves jargon, right? Ahhh, not so much. So acronyms like LMI and LVR etc in home lending can get a little confusing.
You may have heard of LMI, but do you know what it is? Did you also know that in this market it could cost tens of thousands of dollars!
It may be, in certain situations, be avoidable though! With the Government Home Guarantee Scheme removing the need for LMI and saving you a fortune in costs, it could be the perfect way to get into a property sooner.
And if you don't qualify for that, there may also be an option to have a family member guarantee your security shortfall using their property.
If you would like to know more then we recommend you speak with on of our experienced mortgage brokers who can guide you into the most suitable option for you.