If you have it re-valued (u will have 2 pay a small fee to transfer this valuation to the lender, as well as cost of valuation), then start asking a few lenders, this should be possible. If u just approach the lenders, they will use their own valuer (some will insist on this anyway – give them a miss) and some of these could be drive bys made by their own staff at a fire sale level – not what u want![^]
Hilary

My husband is relatively new – 6 months- to brokering, and has learnt much, tho’ he had previous experience with ING bank. My advice to you is to look for someone who understands what u want to achieve, and ask their processes/fees/time frames – they will vary widely. Find someone u can really talk to, and who doesn’t come over as an amateur. Lots of brokerages have people with long experience in dealing with lots of different bank/non bank lenders – don’t be afraid to ask any question.

An important note on this – mortgage insurance previously paid, should be refundable against a new insurance – check this out – this comes from info by GE mortgage insurance, so like other insurance, say your car, you should get a partial refund to defray the new policy. Self insurance does not mean the banks assume the risk, merely that they pay for the insurance up to 80% LVR[][]