For property purchases, borrowers are typically required to pay Lenders Mortgage Insurance (LMI) when borrowing more than 80% of the property value. 

However, some lenders have an LMI waiver policy, which is about allowing eligible borrowers to avoid this cost. 

This policy is commonly associated with select professionals in industries such as medical, accounting, and legal, as defined by the lender.

Top Questions:

1. What are the eligibility criteria for a waived LMI loan?

2. Are there additional costs involved with waived LMI loans?

3. How much deposit do I need to qualify for an LMI waiver?

4. Are waived LMI loans available for investment properties?

5. Does waiving LMI impact my interest rate or loan terms?