Would you use cash on hand or HELOC for all cash offer?

[Chatree C.]

If there's a good deal you want to buy all cash at $200k, and you have $250k cash on hand which is also your emergency fund, and also $250k HELOC at 4%. In 6 months you most likely can refinance.- would you use cash or HELOC for your all cash offer?

[Cody L.]

at first I was going to say HELOC. But if you use $200 of your 250 you still have 50. But not only that but your HELOC becomes your emergency fund if needed.