Do I have to pay Lenders Mortgage Insurance?

Generally a lender will require you to pay for LMI if your home loan deposit is less than 20% of the total value of your property. Banks and lenders usually waive LMI for borrowers in certain professions.

For instance, medical professionals, including doctors, optometrists, veterinarians, and dentists, can borrow up to 100% of their property's value without paying LMI.