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ps, while as Pete said I work for Rams, I do not agree with a lot of their methodology. I also work with a major agregator, and regularly write a large percentage of my business with other lenders.

new money means new lmi premium. As pete said, the LMI is worked out over the whole loan amount at the current val, and then the original premium (minus stamp duty and gst) is deducted. The LMI premium and the way its charged is the same across most of the lenders i have dealt with. From...