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??? i either misunderstood your questions or there's some confusion on how this works... 1. Say the tenants pays $400 pw rent...this would go into your offset account which would offset the mortgage ( Ppor or IP) 2. Getting Equity out from your IP to pay down your PPOR is just asking...

^ so where's the benefit? Answer is no....at the end of the day a loan is a loan, BUT there's a diff btw a bad loan and a good loan from a tax point of view- since your not gonna claim the interest deduction where's the different with your current loan and the new cash loan? All your doing is...