Yuma Mortgage Branch - Geneva Financial
Yuma Mortgage Branch - Geneva Financial
May 18, 2022
genevafi.com
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What is lmi? Lenders Mortgage Insurance or LMI is the name given to an insurance product that lenders will force a borrower to undertake when they fail to meet certain criteria. Typically, a lender will request the borrower takes out LMI when their deposit is lower than 20%. This can allow a borrower to take their borrowings up as high at 95%. It is vital that borrowers understand what LMI does and does not cover. LMI is set up to protect the lender against a loss should the borrower default on
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36K views · 575 reactions | This government is taking no responsibility for their Tory mortgage bombshell. Instead it's just excuse after excuse. Labour will not stand by as working people deal with the fallout from Tory economic failure. We will secure our economy and get it on a better path. | Rachel Reeves | Facebook
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