i just been approved for a pre approved interest only loan with Commbank . I wanted to borrow 150k for a Country IP Economiser loan at 4.39%, no offset account however. Also i dont like their idea of making an offer subject to finance . That means another waiting 10 days or so.then maybe the bank will want a valuation etc . I may just redraw and use my equity in my PPOR and then try to get a loan ? That way i can offer cash for the property and get it cheaper possibly. I have the cash already saved but I want to go with Terry's idea of using other peoples money and keep my cash.