cross collaterizing

Disclaimer: Apologies in advance. I feel like I've read the whole internet and watched every investors video but I'm, STILL a Noob. I've already made my first couple of mistakes and a hoping to glean some insight from you experienced types on where to go from here. I am single, 35, earn...

Hi, Just wanted to get some thoughts on the following situation my partner and I are in: Purchased 1st home (sydney, nsw, now becoming IP) in 2010 415K, interest only loan Loan Currently 332K Wanting to purchase second home (also in sydney, nsw) soon, valued at around 500K - unsure...