Catalyst,
Thanks for your comments. In terms of your LOC – is LOC able to be obtained from a different lender to my current home loan? I’m trying to avoid re financing.

Do you use your LOC to make up the shortfall ( rent in V loans interest)?
I guess my concern with this kitty method is what Stefk is saying – you never get out of a hole until the…[Read more]

Richard if it makes things easier I have a home worth 500K and outstanding loan of 300K.

i look forward to your comments.
Paul