" Immediate " refinance upon Purchase / Closing on a Property ?

[Michael Dunn]

Hi,

I am considering using my VA loan to purchase a Property ( Primary Residence )

How soon could I pull the Equity out of the Property ?

Can you do this upon the Purchase  ( before Closing ) ?

I am asking because .......... I have a HELOC on a Property already , and I want to pay it off and get out from under it as soon as possible

So was wondering , that if the next property I purchase has Equity in it , how soon i have to wait before I could putt that Equity out ( using a VA loan for the purchase ) to use it , to pay off this HELOC >??

Thanks so much for the help