Hey there,
Just got off the phone to my lender.
They were stating that they/I will need to get an additional LMI insurer since my portfolio is over $1.5 million. Does this sound correct?
And if so,
Do I have to pay LMI for the entirety of the portfolio or just the part which that insurer is looking after?
Sorry if this does not make sense, as it didn't make sense to me.
Regards,
R
Just got off the phone to my lender.
They were stating that they/I will need to get an additional LMI insurer since my portfolio is over $1.5 million. Does this sound correct?
And if so,
Do I have to pay LMI for the entirety of the portfolio or just the part which that insurer is looking after?
Sorry if this does not make sense, as it didn't make sense to me.
Regards,
R