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I am interested in buying a beach rental house. What is the best way to finance approx $1M?

Is it a good idea to use the home I live ins equity towards the down payment? Or is it better to keep the 2 separate? Thanks!
I do have 20% and can easily qualify for 20% more if I add a portion of the equity from my home.

Hi Debo,
It really depends on your financial situation.

You’ll need at least 30% down, so do you have enough equity in your current home? How much equity will you have left in your home, this will effect the interest rate you qualify for.

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