THanks Sprirro however I'm not sure I understood that. How are you able to borrow against Property 2 when it's loan is more than it's value?

THanks guys for the excellent info. I appreciate it very much I will definatley be avioding crossing as i see far more benefits in avoiding it, and it will siut my purposes more. J

Thanks guys, both of your comments have been very helpful. I think I will seek a broker who will refinance my current loan to:1. Interest Only2. Into a structure that allows me to draw down equity through a line of credit or similar3. Draw down on the LOC and borrow funds from another lender for the purchase of IP2Can anyone reccomend a broker in…[Read more]