It is possible to refiance your home loan and put the remainder in a line of credit that does not attract interest until it is partially or fully drawn;
It will act like a credit card with a limit that has not been touched.

Mark

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Mikey,
Since you mention that you are looking for a portfolio I am guessing that you will be applying for an investment loan. If this is the case then you would normally be able to borrow around 90% of the value of the property, if you were using the future income to service the loan. If the purchase was owner occupied then this would be a…[Read more]

David,
There are several solutions to your problem, one of them is to arrange for no/lo doc finance in which you can borrow between 80 – 90% of your existing property to release equity for the purchase of your 2nd property. Providing financials is not necessary.
Contact me on
[email protected].