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  • Profile photo of DJB79DJB79
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    @djb79
    Join Date: 2011
    Post Count: 2
    February 13, 2011 - 6:16 am

    Hi Michael,
    Thanks for the info.

    The part my wife and I are mod interested in is how not to cross collateralise.

    We have no liquid assets ATM as all our spare $$$ went into paying our home loan down over the past 2 yrs.

    If we assume 280K property value and 225K loan, how would we go about accessing that equity?

    How much of that equity could we pull out?

    How does a LoC work?

    Regards
    Darryl

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