No job, but cash on hand - regular financing or cash out refi?

[Laura C.]

Newbie RE person here.  I'm looking to purchase a home near the Sacramento, CA area. I had quit my FT job last year, so no longer have any earned income. However, I should have enough funds to pay for the home in cash.  That said, I'd rather leverage the cash into the stock market or other investments since interest rates are so low.  I do currently own a home (joint tenancy with a few others) and it's one other person with me on the loan.  Ballpark 125K (prob less) left on the mortgage on a house worth $1.7M.  I initially assumed banks won't want to give me a loan for a second home since I already have one mortgage and no job, though thought I'd put some feelers out there to see if it might be possible.  I should have enough assets (mostly stock assets and home equity) as collateral.  

Folks, think I could possibly get a standard mortgage on a second home?  If not, would my only other option be a cash out refi/delayed financing?  I'm guessing the terms of a cash out refi would be less favorable than a traditional loan; any info on your own experience would be awesome.  Any pitfalls or things I should be aware of as well?  Thank you!