Hi, Long time lurker, first time poster here. In short, my loan is 5 years in and has switched from interest only to P&I. Id like to keep it as interest only. When we got the loan, we had two very high incomes and now we have one lower income and 2 dependents (3 including wife?). After speaking to my bank manager, he said to keep it interest only they would need to assess serviceability. I know I won't be able to service the current loan from a banks perspecti, but in reality I do and save a little each year with my income. If I do go through an income assessment and the bank finds they've lent me too much, can they take back some of the loan? It's currently in investment properties and wouldn't want to sell. Thx in advance.