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I would agree to some extent if it wasn't for this sentence: "It's yet another expense that can make life difficult for cash-strapped home buyers" LMI isn't only for pro investors, but in this case, it helps first home buyers get a foot in the door in a rising market. I don't think it's...

Check out the article and the replies. So much ignorance, none of the virtues of LMI were even touched on. Quite sad that someone so misinformed about finance is providing financial advice. *sigh*...