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start with the offset / savings and once you get a lump sum spend on the renos?

"taking the next loan to a lender who services other banks debts at actual repayments" Quite a few lender will assess the repayments of other banks loans at their actual repayment which means if IO repayments then will be a lot less than if at P&I using a buffer % rate. For example...IO...

Hi bigdealbaby, Welcome congrats on your first post! Assuming you are suggesting paying off just a small bit of the loans principal? Like $5000-10,000? If so that won't affect how much you can borrow terribly much. You would get more borrowing power by switching to IO and taking the next...