Genworth looking to clear up “common misconceptions” with new online portal

Genworth Australia chief commercial officer Bridget Sakr says that consumers have some common misconceptions about lenders mortgage insurance (LMI), which are often due to a lack of understanding about what it is.

Sakr notes that they’re here to clear the record with LMI Factually – a digital platform where property investors, first home buyers, mortgage brokers and industry leaders discuss LMI.

She says that misunderstandings may have deterred people from considering it as viable to help them enter the market.

“The reality is there are many consumers, brokers and leading business figures who are advocates for the product and even use it personally,” she explains.

This has spurred on a series of video interviews with leading industry figures such as Century 21’s Charles Tarbey, Finance Made Easy’s Tony Bice, Aussie Home Loans’ John Symonds and Empire Property Portfolios’ Chris Gray.

“LMI Factually aims to showcase a number of these views while encouraging Australians to learn more about the product and decide whether it is an appropriate product for their circumstances,” said Sakr.

“Achieving the dream of homeownership is one of the most exciting accomplishments in life for many Australians. However, it can also be one of life’s most difficult challenges due to the length of time it takes for most people to save the traditional 20 per cent deposit.”

If you want to know more about LMI, you can read this article where Chan & Naylor’s Albertus Waldron explains how it can get you into a property quicker.