You save up a deposit, it's shy of 20%, and now you're hit with Lenders Mortgage Insurance. But there are ways around paying LMI, depending on your employment, house price, and your lender.

Before you accept paying LMI, fully understand the exceptions and you might be able to avoid paying it.

For any questions about purchasing property, visit ynance.com.au or contact Mitch Woods directly on 0411 235 798 or [email protected].