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so if i use my LOC for interest repayments for the investment properties, I can tax deduct both investment loans and LOCs interest repayments? this LOC i am applying for is solely to pay down the house loan. i hope we won't be tempted to spend on 'other stuff'. thank goodness the Mrs is a good...

thanks Rolf. Wife and I are sorting out colors and all for the new house. But will drop you a line when it comes closer. Mary and Mat, thanks for your answer. appreciate you sharing your experience. :)

thanks mat & mary. my purpose is to drive down the debt on my PPOR. How do I actually approach the bank or broker with this? If I tell the broker, she is definitely not going to be happy for obvious reasons. And the bank, not sure how they would react if i say i am borrowing to reduce this...

IP 1 Value: 550k Oweing: 350k Equity: 200k rent: 535pw IP 2 Value: 450k Oweing: 350k Equity: 100k rent: 400pw PPOR Value: 580k Oweing: 500k Hi, I heard from somewhere I could actually use a LOC to push down the mortgage on a PPOR. I have heard of LOC but didn't actually grasp...