Down payment options

[Morris Sandvig]

Hi all,

I just purchased a 450k house with 20% down. 6.125, 30 year rate. I’d like to rent it out in 2 years and buy another. In saving for that next purchase/down payment, if I can get that 6.125 by either paying down the principal on this house or by other investment, which is more helpful when the next purchase happens?  Is it easy enough to pull out that house equity?

Thanks