LMI Discount

Westpac Drops Genworth: Cheaper LMI?

personOtto Dargan access_timeFebruary 25, 2015

One of Australia’s largest banks, Westpac, recently announced that it has ended its long-standing agreement with Genworth Financial Mortgage Insurance (Genworth) to provide Lenders Mortgage Insurance (LMI). LMI is a one off premium payable when borrowing more than 80% of...

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