Debt & Lending
Lenders Mortgage Insurance (LMI)
Insurance charged to the borrower - not the lender - when a property deposit is below the standard 20% threshold, protecting the lender if the borrower defaults. It can be paid upfront as a one-off cost, or capitalised (added to the loan) and repaid over time with interest.
Related terms
See it in your plan
Canwi models Australian tax, super, and pension rules so you can explore decisions like this in a full financial plan.