We own a villa unit that we owe 166K on. We bought for 180k. Its now worth between 200-230K (depending on who you ask). I'm thinking of getting a bank valuation. Which line of credit out there has the lowest interest rate and lowest fees? Is the LMI much of a killer if I wanted to borrow to 90%? The money would be going into either Navra (for income only) or a combination of Navra + CFS geared (for income with a bit more growth) The intent of the difference between the distribution and the LOC interest, would be to pay the negative gearing costs on the villa unit once we buy another home. Before buying the new home the difference would help towards saving the deposit. The wife wanted to use the equity to fund the deposit of the next house but then that wouldnt be tax deductable would it?