So, lets’ say you want to buy a property but you don’t have the minimum 20% deposit required. You’re likely going to pay lenders mortgage insurance, but what exactly is lenders mortgage insurance and is it worth the cost?
A lot of people want to know more about lenders mortgage insurance because often, banks, lenders and sometimes mortgage brokers don’t really explain what lenders mortgage insurance is or they don’t take enough time to explain it. In this article, you’ll be able to get a further understanding of lenders mortgage insurance to fully understand what it is, why it could benefit you, whether or not it’s worth paying for, what exactly does it cover and why you would want to get it. Continue reading