What is Lenders Mortgage Insurance?

3 minutes

Saving a 20% deposit can often make that dream home seem very far in the future however Lenders’ Mortgage Insurance may be the answer to reducing the amount of deposit you need to save. It does come with added costs and risks though, so it pays to be informed. This jargon buster video helps to explain how it works, what the additional costs and risks are, so that you can make a more confident decision about whether it’s the right tool to help you buy your new home.

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Davidson Institute

Whether you’re a budding business, dedicated community group or curious individual, our financial education resources are designed to help you feel more money confident. Powered by Westpac, the Davidson Institute is here to help you work towards the financial future you want.

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