to by 2nd home - better refi current mortgage or get separate mortgage for new home?I own home valued at $850k now, with $90k principle left on mortgage, at rate of 3.75% with 5 yrs left on fixed term mortgage.Looking at 2nd home (to rent out or 10 yrs, then move into after that). Price for 2nd home approx $650K.I have $100K of cash I could invest, but would rather save and keep it invested (and save as a cushion)Refi current home mortgage and take cash out to buy 2nd home, or get a seperate new loan for 2nd home?Thanks for your advice!!August 31 2013 - Aliso Viejo00YesReport 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.