Thanks Aaron - how much do you need to substantiate the reason for increase - (i.e we are talking basic refurbs - cleanups/update kitchen/bath, used for investment deposits)? This has been mentioend on other posts - gues it depends on lender
Alternatively I could do what is suggested here which is similar but would involving changing the LOC on IP 1 to an I/O loan and then getting another LOC for a smaller amount - i.e 25k/50K etc etc but that sounds like the end result is the same
http://somersoft.com/forums/showthread.php?t=56930