Need advice on a Cash out Refi!

[Mike Liu]

What's most important when leveraging home equity in a cash out refinance on a non-owner occupied place? Is it a lower APR, more money in the cash out, lower basis points or a lower monthly payment??

I have a 3.5 APR looking to go to a 2.75-2.8. Trying to cash out 100-120 k 

Thanks!