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5360 GEN LMI Proposal Form Aust Layout 1

5360 GEN LMI Proposal Form Aust Layout 1

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what is an LMI waiver and what should I know about them so an LMI waiver is when you have a less than 20% deposit to buy a house and you don't want to pay the lender's mortgage insurance so some of the occupations that are eligible for an LMI waiver include firstly your doctors um nurses physios accountants and lawyers are also often eligible for an LMI waiver not all lenders provide the LMI waiver most of the major lenders do for example A&Z NAB Commonwealth Bank Westpac and St George do offer the LMI waivers they all have different conditions associated with that for example different lenders you might need to have me a certain income criteria um for more information visit loone port.com or give us a call

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