"But can I do this ----> buy a new place for $300K, and throw the $200k left over in an offset account?.....so I technically still "owe" $500K, but with $200K sitting in an offset, I'm going to pay much less interest?"
What is the banks security for the extra $200k debt if the new property is only worth 300k?
What is the current valuation or probable sale price for the property with 500k owing on it?
