Hi everyone in a few weeks I'll have paid of one of my IPs. I want to have the money available in case of emergencies. So the plan was to have the balance remaining as a months repayment and then each month redraw that amount out so the loan is still open. My plan was than to change another IP to principal and interest and have an offset account. The remaining balance of the first property would still be on my credit file wouldn't it unless I decided to pay it off properly.