After reading this post, I just realised I fell for this trap one week ago after I did my refi from CBA to NAB. Originally I thought cross'ing meant joining 2 loans into 1 big loan but it looks like I made a very newbie mistake and clearly misunderstood the definition of crossing.
Refi'ed mine to 80% LVR
From
$480k
$359k
to
$600K
$413K
Also spoke to my lender, he seems to be ok to do it except I'll lose the waiver of the annual fee which I was going to get for the first year. Not sure if he's trying to bluff me so I don't follow through with it.
Can I still trust the same guy to do it or go find a proper broker to sort out my mess?
Unlike the OP, I re-fi'ed to 80% for each property, would that make my situation be alot more difficult to resolve?