Lessons from refi after all cash purchase?

[Qiong L.]

Hi BP community. What are your thoughts about doing a cash out refinance after making an all cash offer? Has anyone tried this? All cash offers would certainly increase leverage during the purchase process, but wondering if anyone has insights or lessons to share about this topic. Some loan officers have warned against higher one time fees from cash out refinance compared to conventional fixed mortgages. Curious what we think about this.