2nd Mortgage Guide

We own our house fully No mortgage worth about $ 550k. We believe that we are too early to want to retire near the beach. Currently, we have found good homes with soil in the area of $ 175k. Is it better for a home equity for the full cost of beach homes, and all the other little cards (about $ 75k two cars and a time to share) to use or continue to pay for each charge and add a mortgage Beach house to get? The ultimate goal should be to the other to go home and then take to sell current home to pay off the balance sheet, and then rest for use in a system of monthly dividends as income in old age, until we reach retirement age, and perhaps a part-time work . d I would be a first mortgage. You do not want your first home if you had to risk a dramatic change fund. I am a broker MTG. I had fixed a HELOC and combine all your debts. If you pay your debt, you pay interest on cars, credit cards, etc. are not deductible. MTG is your fault.