Thanks Richard & TerrywCan you explain to me what a Nodoc Commerical Loan is and how I would go about taking one out? I've never heard of it before And how can I get my commerical property to sercure itself? Can this be done now or further down the track.CarlitoThankyou guys once again for your assistance

Thanks Richard.That makes more sence.  If I'm using my PPOR as security for the commerical property is this a problem? Or should I've done it a different way?Carlito

Hi Terryw,What would you do in my situation? Am I correct in saying that the most i can get for a LOC is $246,000?I would like to borrow about 350,000 for my next IP but can I do this without CC my loans? LOC is only at $246,000 (if that's correct)I just want my loan structure correct going forward. Carlito

Thankyou for your advice guys.Duckster I understand what your saying but shouldn't you take of the $300,000 loan also into account which is still owing?Like your comments above 700,000 LVR of 80% = $560,000 but then should you deduct the $314,000?? (14,000 & $300,000) which leaves a LOC of 246,000??Sorry but i'm just trying to get a better u…[Read more]