If your house hacking, the additional premium for the purchase should not be substantial.

Just to be clear: this means you're consistently hitting the phones, following-up with prospective clients, marketing on social media, contacting your sphere of influence, servicing clients, and negotiating deals for those 3-6 months.

If you have substantial equity, why not just do a traditional cash out refi on the home and pull out cash but still get great low rate long term financing!

My grandmother helped my mother purchase a home @12 yrs ago for $50K (it needed a substantial amount of work).

With a substantial earnest money at risk, I was able to work out 12 month seller financing, however the seller increased purchase prices by $40K.

With a substantial earnest money at risk, I was able to work out 12 month seller financing, however seller increased purchase prices by $40K.

There is a substantial overhead burden that you have to carry long distance - literally every step in the process is harder and costs more money.

Have any of these markets been substantially affected by CoVid?   

I've heard grumblings that HELOCs are going to be few and far between for the next bit... nothing really to substantiate that other than other's opinions.If you are going to refinance and cash out that $100K, my lenders are telling me to wait for a bit until the pipelines clears and rates come down a bit (and yes, they could go up as well... we just don't know). 

I would not be where I am today without their influence.