Cash out refi - in advance or when needed

[Janel F.]

Curious to learn people's thoughts on this. If you have what you consider to be considerable equity in a property, would you pull cash out in advance in order to take advantage of possible deals or would you wait until you find the deal to pull the cash out?

[Zachary H.]

I guess it depends on what you are planning to do.. 

If you are going to pay all cash for a house with that equity, then I would lean towards pulling it out sooner than finding the deal so you don't have to wait for the bank to process.

If you are going to use the equity as a down payment on a new loan, then I would leave it in there until purchasing the property. 

Best of luck

-Zac