Cash out Refinance - High Appraisal = More Cash Out?

[Lawrence Paul]

Hello again,

So, I am in the process of Cash Out Refinancing my one rental property at $175,000 estimated value.

Appraisal came back at $182,500.

Can I pull out from the $182,500 appraised value or do I need to stick with the $175,000 proposed value?

This is my first Cash Out Refinance, so any help would be great.