cash out refi question

[Account Closed]

if you have a cash out refinance pending. can you put down an offer on a home prior to the money hitting your bank account? like just set a closing date for after the money hits your account?

[Tom McArdle]

The old addage is , don't buy a car on the way to the closing, its a good way to end up with a car and not house. If your disclosing the one loan to the other your OK, but if your trying to get one before the other knows, it could come out at the table and then you will be really saving money because you wont get either loan.