Hi All, been reading this forum for a while and have learnt a great deal from you all. I have a few IPs and all of them had 80% loan to value ratio at the time the loans were set up. As the values of the IPS have now gone up substantially, I am wondering if I am able to refinance to the extent that the loan value is greater than my original purchase price, and whether I will still be able to claim full tax deductions on the interest expenses if I do so? For example, if I paid $400k for my IP ($320k loan + $80k cash) a few years ago and its now worth $700k. Can I refinance my loan to $560k (80% LVR) and cash in $140k? If so, will the interest from the bigger loan still be fully deductible even though its more than the original purchase price? Many thanks for your advice. Gary.