To refinance or not to refinance

[Angel Dejesus]

Big dilemma. Since I’m refinancing I have a couple of options. 

1.refinance for 60/40 LTV

OR 

2. Refinance for 80/20 LTV

I don’t have a crystal ball. But if the market dips or whatever happens to these buyers that have adjustable commercial mortgages coming due and might be a possibility to scoop up a couple of properties. 

Or just sit on the sidelines with cash on hand till a good deal comes along. 

I’m debating if the higher mortgage payment is worth it since a recession supposedly is near. 

Or just do the 60/40 LTV to have a smaller payment.

So cash in hand and a higher mortgage payment 

Or 

Less money and a smaller mortgage payment. 

What would you do?

Thanks