Refinance: Simultaneous conventional and HELOC??

[Symone Gordon]

Hi Everyone! I'm looking to refinance my duplex. I've got to get this monthlY payment down to create more cash flow - I like the idea of a HELOC - My broker is suggesting I refinance to conventional and take out a HELOC Simultaneously -

My goal is to decrease the original mortgage payment and use some of the equity to purchase another home.

Any words of wisdom and experience are appreciated :)