Like what everyone is saying, you need to speak to a financial advisor.
I work with several lenders & have a great team of realtors to help you if everything planned goes right.
Refinancing to put money down would depend on how much equity you currently own..
Purchasing another home & keeping 2 mortgages would mean serious planning & calculations, for which we will need to talk the details.
Call me or email me your current home address & mortgage balance to start with.
Hemant Shah CEO
953 N Plum Grove Rd Unit B
Schaumburg, IL 60173
Ph. (847) 278-7222
Fx. (847) 481-0172
Email - Hshah@moonstarmortgage.com