Application process which first??

[Danny Sok]

Hey guys, I’ve been approve for a owner occupant loan. I will doing 80-15-5 loan and I’m actually closing in on a cash out refinance for my current multi family home. Is it best to close out my refinance first then go forward with my second property??  I really want to use the equity from my current home.(cash out refinance) But I have an advisor that suggest to go forward with my 401k as a leverage instead. And I’ll just save the cash out money for emergency. What do you guys think?