Forums / Getting Technical / Finance / Equity Viewing 2 posts - 1 through 2 (of 2 total) brmcnallyParticipant @brmcnally Join Date: 2003 Post Count: 2 January 13, 2004 - 12:40 am Is it possible to borrow against the equity in an investment property to pay out mortgage on principal place of residence? Brian Stuart WemyssMember @stuart-wemyss Join Date: 2003 Post Count: 598 January 13, 2004 - 12:49 am Sure its possible but the new loan will not be tax deductible because the purpose of the debt is to repay “non-deductible” debt. It similar to borrowing against your investment property to buy a boat or a car. The purpose is to purchase “personal use assets” and therefore no allowable deduction. But good thinking…  Cheers Stu Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic.