I am refinancing my PPoR soon, and will most likely do so at 85% (with no LMI thru Westpac or ING). Using the funds I will be paying off some family debt, and purchasing an IP at 95%. Since I am not sure my PPoR will be valued by the bank at what I need, is it silly to even consider going higher LVR? This would increase the risk, the interest rate and also add approx 2% LMI. It would however allow purchasing an IP sooner and not missing out on capital growth??