Скачать или смотреть What is Lenders Mortgage Insurance (LMI) and should you pay it?

If you’re buying property in Australia with less than a 20% deposit, chances are you’ll encounter LMI – but here’s the catch: it protects the lender, not you.

In this video, we break down:
🏠 What LMI is and why it exists
💰 How much LMI could cost you (with examples)
📈 When paying LMI might actually be a smart move
💡 How to reduce or avoid LMI
💸 How investors can claim LMI as a tax deduction

Let’s say you’re buying a $700,000 property with a 10% deposit — your LMI could be $15K–$20K! But if the market’s rising fast, waiting to save a full 20% deposit might actually cost you more in the long run.

📣 Plus, if you're purchasing an investment property, you can claim LMI as a tax deduction over five years — something most people don't realise!

Timestamps:
0:00 – Intro
0:29 – What is LMI?
1:00 – Who LMI actually protects
1:25 – Why you have to pay it
2:00 – LMI cost example
2:40 – When paying LMI makes sense
3:20 – Can LMI be tax deductible?
4:10 – How to avoid or reduce LMI
5:00 – Final thoughts

👉 Want to avoid LMI?
Here are a few tips:
✔️ Save a 20% deposit
✔️ Use a guarantor (e.g. a parent)
✔️ Look into low-deposit schemes like the First Home Guarantee
✔️ Compare lenders — some waive LMI for select professions

📢 Is LMI a scam? Not exactly — but it is a cost you should weigh carefully. It can be a strategic move if you're trying to get into the market sooner, especially as an investor.

💬 Let us know in the comments:
Are you planning to pay LMI, or are you waiting to save more?

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