Can I refi w/cash out to pay down principal on a vacation home?We have a home mortgage at 6.5% and a vacation home mortgage at 6.625%. Current home mortgage is for 30% of home value. Home is holding value (western PA), about 540K. I want to refi home to 60% of home value and apply balance to pay down principal on the vacation home. How would lenders view this plan?May 04 2009 - Glenshaw00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.