Best way to use equity

[Marc Bresseau]

I have an investment property worth about 230k that I owe about 95k on. My question is what is the most cost efficient way to use the equity to put a down payment on a second investment property?

[Chris Mason]

Hi @Brent Coombs,

If anyone ever claims to know definitively which way mortgage rates will go, then we both need to ask why the hell they are bothering to talk to us when they could be sipping cocktails with Warren Buffett and earning a billion dollars a year, or otherwise doing The Big Short type stuff. 

Note that the Federal funds overnight rate (interbank and overnight) is a very weak predictor of mortgage (consumer and 30 year) rates. The last time the Fed "raised rates" in December 2015, 30 year mortgage interest rate pricing actually improved for the consumer. So you can even LOL at the notion that the Fed itself has the ability to either raise or lower mortgage rates.