Mortgage insurance is a fee you pay if you have less then a 20% deposit. It is charged by all lenders. There are some exceptions to the rule which relate to your profession.
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Home Loan or Mortgage Frequently Asked Question
You need a minimum of a 5% deposit, however the smaller the deposit, the higher the mortgage insurance premium you will pay.
No we do not charge any fees for our service.
In most cases YES, you can pay your loan off early. The exception would be a fixed rate home loan.