Apologies in advance for the massive post with a massive amount of questions! Ok, so my bank is ready to finalise the my refinance/equity release on my PPOR. I think I need it setup the following way 1x PPOR Home Loan (P+I), plus 2 offset accounts. One will be used as everyday transacting account and the other will be the real offset (I want two to make sure I don't eat into the mortgage repayment funds or get carried away- out of sight out of mind is my thinking) 1x Split (a) with offset for $28k for husbands new work car This will be tax deductible against his business income- I was planning to have this setup as P+I, but please do say if it should be IO. 1x Split (b) with 32k (funds were going to be used for a pool, but I am having second thoughts now that I want to spend money on a pool. Pool will cost 40k which is a $hi+load of $$$ for something we get to swim in for 2 months every year! I have already got approval for all of this, So I am not sure whether to get the 32k anyway as a split, and pay all but $50 back into the split loan and if I do need it back or want it back at some stage then I can redraw it? Can and does it work like that? Our previous homeland never had a redraw facility so i am not really sure if it actually works like that, just assuming! 1x Split (c) for deposit for the investment property- IO, with offset. My big question is, for repairs etc, should I try to get a LOC, or should I put my own spare funds direct into the loan account and use it to redraw for expenses? Is that even an option, to use redraw for expenses? Is there anything I have missed? Also one other question, since I am refinancing my PPRO, do I have the opportunity to start fresh as IO incase it ever becomes an IP (Which is likely when the kid grow up and I will no longer probably want to be in the suburbs/or will want to be close to where they settle) OR is it already too late and too contaminated from the past 5 years of having the loan as P+I. There was never an offset linked to the original loan account if that makes any difference.