Thanks for the reply kingcarmelo.Unfortunately its my principal...

Thanks for the reply kingcarmelo.

Unfortunately its my principal place of residence that has the LMI.

So when can I refinance without attracting LMI again? Once 20% of my initial loan is paid off? Or does my property need to have an evaluation done and its then 20% of that value?

I'm doing my best while interest rates are historically low to pay down this mortgage but when I can, I'm ditching ANZ. Can't stand adding to their corporate greed any longer. Perhaps cutting my nose off to spite my face, but I won't even buy bank shares on principle of my hatred towards them :)

Thanks.