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Yes, that's what i mean.... the LMI is payable when you borrow more than the 60% LVR. I'm just not familiar with banking regulations and advertising.... when a bank advertises it's LVR, are they allowed to advertise their maximum LVR (90% after paying LMI) or is it really 60% (exluding LMI)...

So would you be happy paying the LMI and going all the way to a 90%LVR? Can i ask if you intend to invest that money in property or shares / managed funds?

So does that mean the LVR of 90% mentioned on the website is technically correct? Or should they be advertising the 60%LVR rate?