I need some advice.

[Chris Marshall]

Here is the situation. On one deed lies my house and the rest of my parent in laws property and house. They have a mortgage and I have a 20,000$ loan for the next four years. But I want to take out 150k against my house to pay for two more rental properties. How can I achieve this? My plan involved using the 150k to pay off my current loan and the remainder of a vehicle loan which would reduce my monthly bills by 350$ but the 150k loan would have to have a term of 30 years. What are my options? My property and house are worth about 200k for reference and total the deeded property is worth about 1.2mil.