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Your purpose is fine, - to invest into the next IP. But the amount your asking may not be right...How much were you asking for?? and what's your current loan amount? You may find if you ask another branch staff or give the customer service center a call, and you meet the 5% limit they would...

Umm suncorp is ok with cashout, i never had a problem with them, You just have to make sure 3 conditions that suncorp has; - LVR under 80% - Cash out MAX at 10% of loan amount OR max $50k, which ever is less ( proof of funds required + control) - When you cash out less then 5% of loan amount or...

That's right Michael, and im glad you ask the question. The way around this is to split the loan for the 5% and have another linked offset connecting it; If your with ANZ and you have the break free package this would be VERY simple to do and they allow up to 5 splits per account + no...

Your just asking the wrong questions. Also not all bank allow cash out, some are very strict some are not. Which bank is it?? Regards Michael

Yep as Rolf said...only do the revalue when you need the money...because the bank will do ANOTHER revalue anyway when the time comes. If you got a offset account, it would be beneficial to revalue and cash out a bit of equity, say 5% and have the money sitting in your offset; so when the...