Hi can someone explain in basic english the refinancing principle with regard to HDT. I have read Trust Magic but i am still missing something. Is it if i borrow for an asset eg property and i buy special income units in the trust, the trust buys property at X value and then 2 years time for example i get it revalued it has gone up to Y value can i then refinance the with a new loan and take out the equity for my own use. Or am i missing the point. any ideas?