LOC against two properties?

[petehe]

I got my second property secured by itself and my home.
Can I take a line of credit against my home or I have to take it out against both properties?

 

[Rolf Latham]

Hi pete

Any further loan can usually be secured against either or both properties.

while u are sorting out your new LOC u could self secure he IP as well w?

ta
rolf

 

[petehe]

Thanks for your reply Rolf.
Beacuse of both properties have been used to secured the second loan, how can I calculate what's the available equity left from my home for the loc?

 

[Rixter]

the banks valuers will go in.