Thanks Richard

Thanks again guys, your knowledge is invaluable.

Lol Terry
Thanks Jamie
I was of the understanding that if you default on your loan the banks will come after you which is any assets you own not just the property you have with them.
Are you suggesting use another lender for property 2?

Thanks Terry
I am not sure what you mean with Line Of Credit? Why is it important to not cross collateralise.

Thanks Tom and Terry

Richard did you get my email i tried to send you my details on the weekend but am not sure if it went through. If not can you let me know and i will send it all again.

Thank you for your replies every bit of info helps.

My current property is principle and interest.  – Jamie M

How am i able to find out how much equity i have in my home? Is it as simple as subtracting what is owed from what was paid or do i have to find the market value? If the later how do i find this answer? Would i just ask my local…[Read more]