All-Cash then HELOC vs Conventional Financing.

[Manuel Savorelli]

Hey board, been absent for a while. Hope everyone is well. I've been presented with this opportunity to buy a house either $79900 conventionally financed, or $75k all cash. My initial discussion with my realtor was that I didn't think it would be a good idea to tie up all that cash when rates are low, and can lock in for 30 years. I thought I made a valid argument. Her rebuttal was that why not pay all cash, get the discount, then take a HELOC on the house for up to 80% LTV, for 1% cheaper than conventional loan. Never considered that option because I don't think it's wise to have 100% equity. Also, I believe HELOC's have variable rates. Besides these two reasons, can anyone think of anything else, either pro all-cash or con. TIA, Manuel