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Yes this is the wrong way of thinking about it. If you owe $100,000 to the bank, and then reduce it to $80,000 over time by paying P&I, then redraw equity out later, all you are doing is getting your $20,000 back plus any extra equity you gained from capital growth.... It's best to leave the...

This is not the best way of doing it as you are effectively paying back your loan and the 'equity' you created is just the money you repaid over time. What are you concerned about? Did you speak to your existing lender? Who is it? Oh I don't think that will happen after having one...