I’m a LoDoc candidate and work for myself. I’m currently applying for refinancing on two loans and have been knocked back by 3 of the 4 big banks as they reckon I can’t service my loans, even though there are buffers in place. Bummer. My broker found me a deal with a 2nd tier financial institution and it will cost me fees of around $10K for one refinance and around $3,5K for the other. This isn’t mortgage insurance but a lender risk fee (or something like that). After all this rigamarolling, it will free up just over $500K. The loans to be refinanced are $960K & $300K respectively. My financial position is around 65% equity to 35% debt, or hereabouts. The interest rates are quoted at 5.3%. Sounds expensive but frees up the cash I require. Any thoughts anyone? Is this normal under my circumstances? Thanks in advance.