Hi, everyone, I am new here. Sorry, I haven't introduced myself yet. I am a little bit shy and quiet, but will do it when the time comes. I am a newbie with low income. I bought a ppor (valued $250k) in SA 2.5 years ago. Loan amount: $160k, 30 years. Bankwest Double Deal Home Loan (discontinued) rate : P & I. 5.15% (was 4.97% after 2 years of discount rate, then they just increased my rate for no reason) No offset account. Exit fee : $500 I actually have paid off all the loan, but I still keep the mortgage "alive". From what I have read, if I want to use the equity of my ppor for an IP, it's better to create another loan (with Bankwest ) , use the newly borrowed money to pay the deposit for IP for tax reasons. But I am very disappointed with Bankwest due to all the mentioned reasons ( hard to negotiate, loan products discontinued, rate increased.... ). so I really don't know what to do. Should I just go with Bankwest? Or should I withdraw all the overpaid fund (over $150k), pay the exit fee and refinance? Once the refinance is done, put that $150k into the new offset account then borrow against the equity ? I don't think the new lender will be happy. I still have a lot of stupid questions, but I think I should stop here. Thank you very much for reading. Any suggestions will be very appreciated.