Thanks everyone for your responses. My current home loan is with Bankwest. They have talked about crossing the loans but said they didn't have to if I didn't want to. Does anyone know of a good investor based mortgage broker based in Melbourne. Also we are thinking of seeing Destiny Financial Solutions. I know theres an outlay of money for this…[Read more]

Thanks for your response Shahin. Two further questions.1. How do the banks use the $170,000 in usable equity exactly?    2. What do you mean by tapping all of the equity? Sorry for not understanding but like I said I am new to all of this.