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OK.. the target price is $500k. so i have my 5% deposit and half of my stamp duty saved so far.. i was starting to get excited to buy seeing as i'd get the other half of the stamp duty over the next few months.. What do you all recommend I do? Should I continue to save the $20k LMI, or start...

hey guys Looking at buying a $550k PPOR, currently have 5% deposit + stamp duty saved up. NAB are offering 95% LVR - however my mortgage broker just told me their LMI is $20,000 !!!!!!!!! My first property 4 years ago (now sold, not using equity, etc) LMI was about $4-8k no way near $20k...