2nd Mortgage Share

We own our house fully No mortgage worth about $ 550k. We believe that it is still too early to retire near the beach. Currently, we have found some nice homes with land in this area for $ 175k. It is best to use home equity for the entire cost of The Beach House and other small parts (about 75k cars and $ 2 at a time) or continue to pay for the individual capacity and adding a deposit at the Beach House? The ultimate goal would be the second house on foot and then sell the current home to pay off the balance and the remainder to be used in a system of monthly dividends as income in old age, until they reach retirement age and perhaps a part-time work. I would like to propose a first mortgage. You do not want to risk your first home if you have to finance a radical change. I am a broker MTG. I would be a fixed HELOC and combine all your debts into it. If you separate pay your debt, paying interest on cars, credit cards, etc. are not deductible. MTG is not your fault.