Background: I have a PPOR loan and 1 IP Loan. For the IP loan I'm making interest only repayments for maximum tax benefit. Seeking advice for my current situation: I think in 2-4 months time I will pay off my first home loan. throughout the loan I made additional repayments more than what's required (repayments). I have an excess 100k CR available in the loan. Just wondering what do people normally do at this stage? If I pay off the PPOR homeloan I would contact my employer payroll and get them to change income transfer to the investment loan? or contact bank and have the new offset account offset the IP loan? But that would reduce the interest that I can deduct off my income for my tax return? What do people normally do at this stage? Should I spend the 100k on renovations for my PPOR and continue paying interest only for IP loan?