Ok then you have LMI credit to use. Also looks like you are paying the principle loan down - I would revert to interest only and accumulate within the offset.
Also definitely recommend doing the modelled estimate system valuations as most are coming back stronger than full valuations.
Westpac do modelled estimates via VMS system and some of these valuation often come back quite generously. Some of the brokers have access to upfront valuations with Westpac so its worth doing this.
Also did you pay LMI on the existing loans as you will have LMI credit up your sleeve?
I do...
