Your broker will be able to let you know for sure if your occupation could help you avoid LMI.
Home > Your broker will be able to let you know for sure if your occupation could help you avoid LMI.
You might have heard that a deposit less than 20% means you’ll need to pay lenders mortgage insurance (LMI), but did you know that you may be able to avoid it if you work in certain occupations?
Some professionals that could avoid paying LMI include doctors, lawyers, optometrists and dentists. Your broker will be able to let you know for sure if your occupation could help you avoid LMI.
