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What is the reason for it? Say you are refinancing one loan and also getting a new one. Would they easily go 90% as a whole package?

LMI lets you buy a higher priced property - hence more stamp duty. We are tied to the same lender once we pay the LMI. Hence more commission. Don't get me wrong... LMI has its place. I used LMI for my last two IPs :p

Brokers would love the 90% LVR. They get more commission :p In this example, on top of $2650 LMI, you will need to pay about $1000 extra stamp duty as well. Suddenly the 21K extra fund is reduced to about 17K. Unless you have good cash flow coming in, I would stick to 80% (or less) LVR. Having...