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Thanks guys, you are all a well of wisdom :)

I just did some calculations, LMI to go to 90% is only $2000. That isnt much at all when you think of the advantages of using the extra money to acquire assets, so I dont see the big deal in this respect. Can anyone enlighten me? Also, isnt LMI a one off payment? I dont believe you need to...

Thanks guys I think you are all right. I'm just a little nervous but I just wanted to get some confirmation. And yes, my broker is currently doing the paperwork for 90% draw of equity.

Hi All, Dilemma! I have just been told that my entire LVR position is 73%, and was advised by broker to top up to 90% to use for deposit on two new houses, which means I can draw approx. $80,000. Now, I can either use my saving which is $50,000 and use as minimal amount of my LVR as...