Hi all, Let's say you are living in House 1 for the past 2 years which has an interest only loan with a 100% offset linked which you have been storing up your savings in. Say your original purchase price for House 1 was $100k and your loan is/was $80k. Now, if you are looking to buy a new property and keep Home 1 as an investment, can you refinance your existing loan so it increases to $90k and extract your money for the purchase of a new property? Note: Not to be confused with using equity - that isn't my question here. Obviously, if exceeding 80% LVR then LMI comes into place,etc.