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which is exactly why you need to separate it GW. the remnant debt is tax-deductible or will be tax deductible because you will turn a property to invest in property. The 40 will be used to your home and so therefore needs to be separate, otherwise you will end up with a accounting mess...

Full LMI on the first loan to access the 40 k, and that will be say very approx a % of the total loan exposure, $ 7000. Full LMI on the new PPOR loan, of say 10 000 or so. Before u say wow, the 832 combined exposue if crossed would be approx 27 k and unless u are a very strong client...

Hi GW Your broker can possibly do the 90 % "refinance". this will depend on a few things, such as is the broker accredited with ur lender, will that lender deal with brokers in any case etc, One advantage of trying to do with the same fund is I suspect you've already paid lenders mortgage...

IO IO IO. PI simply gives u less options in the longer term. BTW I meant IO for both, have a 100 offset account on the new PPOR split Might I suggest you have a broker that either likes it simple, and doesnt mind costing u extra money and more risk, OR, they dont know any better...