Should I do a cash-out refinance?I owe $60,000 on my home, with a $25,000 equity line that I'd like to roll into the refinance. I'd also like to take some cash out ($80,000) for a possible second home purchase in northern California. My credit score is about 839, and my only other debt is a car payment of $507 per month. Does this sound like a good idea?November 14 2012 - Palo Alto00YesReport 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.