Hi I have a IP that was a PPOR 3 years ago. When we moved out and changed it to a IP it was valued at $1,200,000 with a loan amount of $500,000. We are unlikely to move back in to it and are looking at purchasing a new PPOR.
The IP is now valued at $1,350,000 with a loan amount remaining of $400,000. Is there a way take out the equity that was in…[Read more]