Hi Thanks for your advice.

I wanted to keep my options open with the 50k . .

Maybe at some point i can use it as a deposit for another IP avoiding LMI.

Good post xdrew . I am refinancing an IP at the moment and looking to buy another . My broker initially said to get a LOC but now seems to have gone cold on the idea , ive never used a credit card. He prefers now to only borrow for a deposit .

In researching HELOC one point that stuck out is its better to setup a LOC while your healthy because if…[Read more]