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ramblin - I suggest you speak to a broker like rolf and he can talk you through the process. Once you get it explained it will click.

Just be smart about it as crossing your properties unnecessarily creates a large mess that is difficult and expensive to untie particularly when LMI and fixed rates are involved.

Ok. I bet the following has happened: 1. You have gotten 'pre-approval' for that new IP yet to be determined. 2. This proposal is a classic cross collateralisation for option 1. Lending you '100% + stamp duty' is false - they take security on your PPOR and IP together. There is no such thing as...