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I paid 9k LMI on one of my places. I can't refinance that somewhere else cuz then I'd be up for 9K again. I can (and have) top up with the same lender for nix though because they only charge it on the difference. I assume this is what Nathan was referring to. You should really stop putting...

It stems around different lenders having different limits eg, 1mil or 2mil or a # of properties. Different LMI providers also have some limits and some banks share LMI providers (since theres only a couple in Australia). On top of that, some lenders can approve LMI themselves without having to...