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Lenders Mortgage Insurance (LMI)
Insurance that protects the lender (not the borrower) if a borrower defaults on a home loan. It�s typically required for high Loan-to-Value Ratio loans. (In NZ, LMI is uncommon; instead, banks may charge a low equity interest rate margin for borrowers with small deposits.)"
Financing & Mortgages
Insurance & Risk Management
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