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PS all loans are with same lender

So what you are saying is that if I take out $100k from Unit 1 (in the form of cash rather than collateral equity) then my mort on that property will go up by $100k but the mortgage on the home that I buy will decrease by this amount. However there will be no technical link at this point between...

Hi Guys, Thanks so much for your responses. It has given me alot to think about. Some of the points I would like to ask a little more: - Drawing out equity as cash - so the theory is that the equity that gets pulled out becomes seperate from the property that it has come from. It then...

Just need to pick the brains of a few experts on an issue I have At the moment I have the following: Unit 1 (currently residing) Value $600 Mort $340 Unit 2 (investment) Value $135 Mort $135 Saving available $65k I now want to buy a house for $550 for my expanding family without selling Unit...