From: Mike . Refinance IO Loan after initial period From: Alan H Date: 17 Sep 2000 Time: 22:03:55 Hi Guys. This forum is very interesting! I only have the one IP as yet and the general concensus from what I read is to use IO loans and to keep them that way to maximise the tax benefits. For my IP I took out a 3yr IO fixed loan and then after the 3yrs I extended it for a further 2yrs IO. Then the interesting bit occurred!! As the extended 2yr period is almost over I rang up my lender (Aussie Home Loans) and said I would like to extend my IO fixed loan for another 3yrs. Can't do they said! 5 years is the maximum. I started ringing up bank after bank, mortgage lender after mortgage lender and I got similar answers from them all (there were quite a few who didn't know if I could and when I rang a couple of different people I actually got different answers!). I guess this is a simple question for many of you but I want to keep rolling my IO loan over rather than converting to P&I.....who does do this?????