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Yeah, the loans are currently crossed as they were done as one construction loan. Im untangling that now as we speak. I guess thats why it is so high as Ill be paying the percentage on the total loan. Once I have unthreaded it all I might re-fi one of the properties to another lender to...

I recently approached the bank about going into LMI territory - a first for me. However, the cost came to something like $20-$30k for a $350k increase. How is LMI actually calculated? Ive heard it is 2-5% (depending on a number of variables). but 2-5% of what? Seems more like 10% to me...