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Rolf, I think the circumstances are what they are and I will just have to wait till next August before I can use the equity in our PPOR.

Rolf the loan was not lo doc and it was for an investment property as per my first post. Bradsdad thanks for the offer. I have already spoken to Members equity. Talked with someone fairly hopeless over a period of 4 weeks - I'm sure it wouldn't have been your friend. Then spoke with an Indian...

It is a shame when we have equity in our PPOR not to be able to access it.

Rolf the loan was fixed at 7.59% un til August 2010 (thought I was being very clever) but now I find it is limiting what I want to do. They are sending me advice as to how much it would cost to break but a rough verbal was about $4k.

Thanks Rolf, Yes. The good reason is that the original loan was through Maxis loans who are not doing any new loans.

We currently have an IP in name of family trust and our PPOR is security . We are wanting to start a LOc from a different bank with the remainder of the equity in our PPor as security but our MB tells us that we can't use our PPOR for security for another project in our personal names even...