{"id":278,"date":"2017-11-27T23:26:35","date_gmt":"2017-11-27T23:26:35","guid":{"rendered":"http:\/\/newgenholdings.nexty.com.au:81\/?post_type=ufaq&#038;p=278"},"modified":"2017-11-27T23:26:35","modified_gmt":"2017-11-27T23:26:35","slug":"what-is-lenders-mortgage-insurance-lmi","status":"publish","type":"ufaq","link":"https:\/\/newgenholdings.com.au\/en\/ufaqs\/what-is-lenders-mortgage-insurance-lmi\/","title":{"rendered":"What is Lender\u2019s Mortgage Insurance (LMI)?"},"content":{"rendered":"<div  class=\"ewd-ufaq-faq-list ewd-ufaq-page-type-distinct\" id='ewd-ufaq-faq-list'>\n\n\t<input type='hidden' name='show_on_load' value='' id='ewd-ufaq-show-on-load' \/>\n<input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' \/>\n<input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' \/>\n<input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' \/>\n<input type='hidden' name='order' value='desc' id='ewd-ufaq-order' \/>\n<input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' \/>\n<input type='hidden' name='current_url' value='\/en\/wp-json\/wp\/v2\/ufaq\/278' id='ewd-ufaq-current-url' \/>\n\t\n\t\n\t<div class='ewd-ufaq-faqs'>\n\n\t\t<div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-278-Hs8wJ5WPFI' data-post_id='278'>\n\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#'>\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >B<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h4>\n\t\t\t\tWhat is Lender\u2019s Mortgage Insurance (LMI)?\t\t\t<\/h4>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<p>Lenders\u2019 mortgage insurance protects your lender in the unfortunate event of you defaulting on your home loan. When lenders agree to lend a customer money, there is a small risk that they won\u2019t get the money back if the customer is not able to meet the repayments. Although they have the house as security, if property values decline that security may not be enough to cover the outstanding loan when the lender comes to sell it.<\/p>\n<p>Lenders\u2019 mortgage insurance should not be confused with mortgage protection insurance, which covers borrowers for the payment of their mortgage instalments in the event of unforeseen circumstances including unemployment, illness or death. This insurance is paid annually and can vary depending on the outstanding balance of the loan.<\/p>\n<p>For more information, please click\u00a0<a href=\"http:\/\/www.qbelmi.com\/pg-what-is-LMI.seo#What-Is-Lenders-Mortgage-Insurance\" target=\"_blank\" rel=\"noopener\"><u>here.<\/u><\/a><\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t<\/div>\n\n<\/div>\n\t<\/div>\n\n\t\n<\/div>","protected":false},"excerpt":{"rendered":"<p>B What is Lender\u2019s Mortgage Insurance (LMI)? Lenders\u2019 mortgage insurance protects your lender in the unfortunate event of you defaulting on your home loan. When lenders agree to lend a customer money, there is a small risk that they won\u2019t get the money back if the customer is not able to meet the repayments. Although they have the house as security, if property values decline that security may not be enough to cover the outstanding [&hellip;]<\/p>\n","protected":false},"author":1,"comment_status":"open","ping_status":"closed","template":"","ufaq-category":[],"ufaq-tag":[],"_links":{"self":[{"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/ufaq\/278"}],"collection":[{"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/ufaq"}],"about":[{"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/types\/ufaq"}],"author":[{"embeddable":true,"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/comments?post=278"}],"wp:attachment":[{"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/media?parent=278"}],"wp:term":[{"taxonomy":"ufaq-category","embeddable":true,"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/ufaq-category?post=278"},{"taxonomy":"ufaq-tag","embeddable":true,"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/ufaq-tag?post=278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}