Expensive as it is , I'm interested in the thinking of those who have to pay for LMI.
So , you have less than 20% for deposit yet you can come up with the extra for insurance . Do they just put it on top of the loan ? Rather than wait and save the extra , you obviously felt that it was better getting in to the market rather than missing out ? A 5 or 10% rise in the property price justifies the insurance I guess ?
