50% of borrowers may not understand lender’s mortgage insurance
LMI is a form of insurance that protects the lender in case the borrower defaults on the mortgage and the lender can't recover the loan from selling the home. The premium varies, depending on the size, type and location of the property.
Top Tips for Negotiating a Property Price.
Here are our top tips to tactfully negotiate the price without ruining your chances of securing the property