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If you did this there are 2 issues:
1. Interest on the new borrowings would not be deductible, and
2. You will have created mxied purpose loans
Because interest is only deductible if borrowed for expenses related to the production of income.
The opposite would be safer.
Borrow extra as a new split and pay it back into the loan.
Of course you would have an offset as well, on the non deductible portion.
