I need hints for talking to my lending officer at my bank. I'm thinking of taking out a loan to build a granny flat and to possibly spruce up my house a bit. I'm hoping to one day rent out the granny flat and maybe even my house aswell . i've read to dress nicely. I'm unsure what else i should do . I never closed my home mortgage so i'm hoping i can draw from the equity on my old home mortgage with my bank that i had my home mortgage from I dont know if i should do interest only. what are the benefits or disadvantages for this please. i dont know what rate i would probably get can others tell me please. i dont know much at all. i have spoken to a broker who said i should first call or go in and speak to my bank where i had my home mortgage which is paid off but not closed and see first if they will take me on again. I dont know if that will mean opening the same loan that was never closed, or a new one that is interest only. I dont know what terry white below means by structuring my loans. please i need more info please. any advice or information would be appreciated please as i'm inexperienced. thank you.