Lenders Mortgage Insurance Explained
0:52
YouTubeShore Financial
Lenders Mortgage Insurance Explained
Ever wondered what Lenders Mortgage Insurance (LMI) is and how it works? Video above explaining the process of taking out a loan and when Lenders Mortgage Insurance is added.
286 viewsAug 10, 2020
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Your bank benefits when you pay your mortgage the…. Most homeowners pay once per month because that’s what they were told to do. But there’s a simple repayment method many people never think about: Split your mortgage payment in half and pay it every 2 weeks. Done correctly, this can help you make the equivalent of an extra mortgage payment each year which may reduce your balance faster, cut interest, and potentially knock years off your mortgage. And if you add extra overpayments when affordabl
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