Lenders Mortgage Insurance
nounlend·ers mort·gage in·sur·ancepronounced LEN-duhz MOR-gij in-SHOOR-uhns
Last updated 21 April 2026
What does the noun Lenders Mortgage Insurance mean?
Insurance that protects the lender (not the borrower) if the borrower defaults on their home loan. Usually required when the loan-to-value ratio exceeds 80%, meaning the borrower has less than a 20% deposit. The cost is typically paid by the borrower.
Cite this entry
MLA citation: "Lenders Mortgage Insurance." How to Property, 21 Apr. 2026, https://howtoproperty.com.au/definitions/lenders-mortgage-insurance. Accessed 7 June 2026.
Chicago citation: How to Property. "Lenders Mortgage Insurance." Last modified April 21, 2026. https://howtoproperty.com.au/definitions/lenders-mortgage-insurance.
APA citation: How to Property. (2026, April 21). Lenders Mortgage Insurance. https://howtoproperty.com.au/definitions/lenders-mortgage-insurance