@Ashish Khera , in many markets offering all cash does not hold the sway that it used to. It is a sellers market and while waiving the financing contingency may make your offer stronger than an equal offer with financing, it often does not give you leverage to offer less anymore. Again, that is market dependent. In my area, sellers know that the deal will get done so they don't have to accept less.
In terms of pulling your money out, you have to wait (6 months I think) before you can do a cash out refi.
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