I currently have 3 loans, 2 of which are IO and the period will expire this year. My income for the 2017-2018FY was 80K (trust distribution) and taxable income 58K after deductions (mainly rental deductions and depreciation). I have not done the 2018-2019FY tax return yet. I run a small business with a structure as a family trust so I can increase my 2018-2019FY taxable income if I really need to. The family trust pulls in about 130K after deductions. The 3 loans are with 3 different banks Loan 1: PPOR. loan amount$744K. CBA IO VAR 3.79%. 25 years left on loan term. IO expires June 2020. Secured with a property that would probably be valued at 800-900K. May turn into an IP again in the future, 40-50% chance. Loan 2 : IP 1. loan amount $312K. NAB IO Fixed 4.19% IO expires May 2020. Secured property value would be about $420K. Rental income $350pw Loan 3: IP2. Loan amount $390K. WBC IO FIxed 3.89% till May 2021. Secured property value would be about 650K. Rental income $695pw Credit card limits : $4000. 1. Would I be able to refinance Loan 1 to another lender. I know its hard to do IO VAR, but I could consider P&I VAR if the rate is low enough. 2. Again, what do I do for IP2? 3. I cant touch IP3 till May 2021. Ideally Id like to release some equity if possible. Would I be able to refinance without increasing the income from the trust distribution to me? If I have to increase it, how much would I need to increase it to?