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Wow, that's cool. many thanks for the advice Terry and Burnar !

Terry, I paid / transferred some amount of money back then while I was in the property, that is the reason why the money is in the loan account, but since I have moved out of the property and the loan is now investment loan (Interest Only), I cannot use the fund anyway, so I was wondering if...

Hi CJay, No, the $50k is in the loan already and I believe that it is not supposed to be used or be redrawed due to the taxing implication.

Yes I do learn a lot of stuff and things in this forum and I am very grateful because of you guys :-) my reason is that, since I cannot use / withdraw that $50k money inside the loan which I have transferred into the loan account anyway, I am thinking to reduce the amount of debit interest...

Yes, your memory serves you very well. I have 100% offset account set against this loan already, the reason why I got $50k in this loan was because when I stayed in the property, this loan was Principal + Interest and I transferred more/additional money into this account to pay it off sooner...

Situation: I have accumulated almost $50k in one of my used to be PPoR loan now has become my IP loan since I no longer living in the property. I still owe the bank approximately $ 150.000 in order to reduce the monthly debit account in my current investment loan. My Plan: I’d like to use...