Cash out refinance vs selling stocks

[Raj P.]

Hi BPers,

In a dilemma now and thought of posting it here to see if others are went through the same path. My goal is to invest in an investment property (Currently narrowing down the area). For the DP, I have options to either sell my stocks or do a cash-out refinance my other investment property (especially with current rate).

Provided I get the same amount by either way, what would be a wise decision in long run?

TIA

[Raj P.]

Thanks, @Justin Phillips for the insights.

Hi @Eric Veronica, Yes. i agree on the perspectives. Thank you.

@Basit Siddiqi In my case, I am getting lower mortgage rate on investment property-1 (IP-1) + same monthly payment as before + higher closing cost (which is added to my loan and evens out if i hold it for atleast 8 years). I am anyway planning to keep this for 10+ years as it is an equity builder. So, I am more inclined towards this approach than selling stocks. My thought process was that I am getting cash-out while still maintaining same monthly mortgage payment as well as no out of pocket money on this investment property. Do you think I am missing out anything here?