Hey guys, we bought a place last year with the aim of moving into it eventually. Because of the lending restrictions and AMP changing their minds, we had to go with a lender who could get it done quickly - but didn't have an offset facility. Now we're changing from IP to PPoR, we are looking at changing lenders so we have an offset facility. This means we will lose the LMI we paid, and have to pay it again, or pay 20% deposit. ALSO, for the deposit we originally used equity from another IP. So the questions: 1. Does moving lenders and losing the LMI we paid make sense with what we will save over the long term? 2. What are the ramifications of previously using the equity from an IP for the deposit when we change this one to PPoR?