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Nah not at all. If that loan you're redrawing from isn't IO then it could be best to set it up that way. A lot will come down to whether you intend to buy another PPOR in the future and/or if you're disciplined with money. Cheers Jamie

I'd leave it with the two lenders - I can't see any huge benefit in closing down your WBC loan in order to obtain the same thing with Mac....seems like an unnecessary process. I'd just use whatever portion you need to from the WBC loan to get this next IP purchased (I assume it's 20% plus...