Best way to extract equity

[Briana Lockman]

I currently own a fully paid off SFR that I am looking to take 70-80% of the equity out of to put as a down payment on a new property. Since there is no mortgage, is a cash out refinance better than a HELOC? A fixed rate 30 year seems better than the variable rate HELOC, but having the flexibility to decide on pulling less equity out as I go might be beneficial.