As a borrower, taking out a loan of any kind can be an overwhelming and complex process.
This isn’t helped by all the different financial product naming conventions and acronyms that you will undoubtedly encounter.
An area that often causes confusion is the difference between lender’s mortgage insurance and mortgage protection insurance…
So, who is protecting who?
To avoid a nasty surprise, please read our single page fact sheet – Loan Insurance:
https://www.mortgageaustralia.com.au/email/files/lendersmortgageinsurance.pdf