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this allows me to buy a new property without saving up a deposit ... eg: bought property for $400k years ago (80% loan being $320k) and now worth $550k (c/f almost in positive). I refinance the property at $550k (80% being $440k), and get to make use of the increased equity ($120k) to pay for...

as soon as mine starts to look like cf +ive, I would try to refinance ... so they go back to cf -ive ... but I probably won't be able to do that for a while coz of my debt level.