Valuation = $340k x 0.9 = $306,000CBA Loan = $283kCurrent Loan AMP = $306, 000LMI Paid was $8000 Correct ?so you paid off the CBA loan with the $306,000 leaving you with $23,000  (306,000 – 283,000)Take out the LMI you should have $15,000 in equity. (23,000 – 8,000)A loan account with -$306,000and an offset account that should have $1…[Read more]