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It can become a big deal if you sell one. Lender wont want a partial repayment and leave some loan for the other deductible use. They tend to take the view its all or nothing.

"In an offset" isn't same as a new loan draw down....Take care. A loan is a loan account and an offset account is NOT A LOAN ACCOUNT. You often cant deduct 100% interest if the proceeds borrowed are credited to an offset and not traceable as the original USE of the borrowed money. Its...