Hi All
I am a newbie Poster and a fairly new property investor.

I have read the posts comparing a revolving LOC
with 100% offset Interest Only accounts and I am a bit confused.

On my PPOR I have a LOC which for all intents is an interest only loan which gives me access to the equity so that I can invest in other areas, plus day to day expenses come out of the account and our salaries are paid into it.

I also have two investment properties that are set up as Interest Only loans that are negatively geared, as these are interest only loans the outstanding principal does not change each month as I am only paying interest, how does this compare to an interst only loan with 100% full offset that has been discussed on this forum ??

I am considering buying another investment property in the near future with a IO loan, and I want to have some of my equity invested in the share market,one mortgage broker I have spoken to has suggested I change the loan on my PPOR from a LOC to a P&I loan and then set up a seperate LOC for share investing, is he looking after my interests or his ??

My wife and I have a combined high income so tax implications are definitely an issue so we would need to seperate a LOC for investment purposes from one used for private.

Any opinions or suggestions will be appreciated

brownegaz
[confused2]