Refinance First Mortgage to get Second Mortgage

[Darius Johnson]

Hello Everybody,

Looking to refi 1st mortgage on a SFH out of town, to get money for a down payment get a 2nd mortgage on another SFH in a different town in Ga.

Anyone have experience doing this or any suggestions?

1. I what to keep 1st SFH but it is unoccupied looking for a renter. This is my former primary residence.

2. I want another SFH to live in as the new primary mortgage in different city in Ga.

What is the best way to accomplish this or is this a good idea? Interested in how to pull this off.

Thanks!