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Xcoll is a tool which can work well, but it is a tool which must be used with care, is it can cause problems in some circumstances when it's time to move forward again. If you're already as far as you need to go, then that is not a concern.

It can be very hard to move if your current bank doesn't want to lend you more, even if you have the equity. I had a situation where I had to xcoll as the property was excellent- there was no other way of getting a loan for it. (buy price $490K sell price $770k three years later- and a pity we...