[onetwo_threefour]

Thanks for saving me the trouble Cecil. I discussed this indirectly in a post a few months ago. If the FI knows that you've got an LOC, they generally do the approval on the basis of it being fully advanced, so if that's where you get your money it's not a problem AFAIK, as long as the bank is aware of the LOC when you apply and the approval isn't conditional on it being paid off or some such.