should we use investment property equity to pay off our home?

A listener asked an interesting question: can you refinance your investment property to pay down your home loan, and still claim the interest as tax-deductible? In this clip, Glen James and Rachelle Kroon unpack this question, bust a few misconceptions, and explore whether selling the investment property could actually be the smarter long-term play, especially if your ultimate goal is to be mortgage-free.

This audio is from a clip on the money money money YouTube channel: https://youtu.be/XjmuMWqPTrU

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This video is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment video as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this video. SYMO interactive Pty Ltd, the publisher of the video, is an authorised representative of MoneySherpa Pty Ltd (as is Glen James) which holds financial services licence 451289. Please read our Financial Services Guide located at moneypodcast.com.au. This video is intended for residents of Australia.

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