Hi all, Looking to refinance & scenario is as follows: Property is a house in Merrylands Sydney. Purchase a few years ago for 447k: Current Loan = $409k Current Value = $750k (bank valuation) Existing loan is with BW, variable rate with Offset. Note: Looking to purchase another IP but to also build a GF on the existing property. New IP purchase within 3 months and the GF build within the next 12 months. Current BW GF policies are terrible, hence the refinancing. (Tip for young players - should have been more specific with original broker re GF plans so he would not have suggested BW in the first place) Refinancing: Not sure who to get new loan with but options are as follows for refinancing: Variable loan with split. 1 to take over existing mortgage = $409k 1 for the equity amount available based on the new banks val + Servicing ability = $120k No offset available on this product Variable loan with Offset Existing mortgage = $409k Offset for equity amount $120k + all other cash available. Any other suggested options? Questions for the brokers: factors: Self employed so lots of income coming in that could potentially be moved\stored into an offset. This would include GST, Super and Tax that I have to set aside every quarter. I could also pay personal wages into an offset and these would be used for savings plus everyday expenses. Does such an option exist to set up 2 separate offsets on a single mortgage so I could have one for equity + Personal Income\Expenses and the other for business cash to help avoid contaminating the IP offset. If multiple Offsets on a single loan exists, what is the recommended allocation of money to avoid contaminating the IP loan with personal\business? Or, is it not worth setting up? Which option would you choose given the above factors. Offset or Split? Thanks in advance, I hope this makes sense?