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I assume that the LOC1 was to purchase an investment property and that you have room in that LOC to purchase the PPOR. Is that correct? If that is correct, then this loan remains as for investment purposes, however the draw down if used for private purposes can not be claimed as Tax...

Hi Tom, Would you clarify the val on the PP. You say the land next door is valued at $120K. You mention the home at $360K, is that including both blocks? Regards Steve Roberts

Hi Yokome, I strongly agree with alexlee, A reputable mortgage broker should be able to provide you with Independent advice and information on; How much you can borrow now Development of scenarios on how much you will be able to borrow as your portfolio grows. Structuring your lending to...