You can potentially save thousands of dollars by not having to pay LMI on your home loan.  For example, a couple are wanting to buy a property costing $850,000.  They’ve saved up $85,000 towards the cost of their purchase.  However, because they only have 10% to offer as a deposit, they’re liable to pay LMI, which their bank calculates as costing $20,655.  In this instance, if the LMI was waived due to one half of the couple being a pharmacist, they’d be able to save a significant amount of money.