Buying a new house, when should I refinance my current home?

QuestionsBuying a new house, when should I refinance my current home?
asked 4 years ago

First of all, have to thank this forum to help me understand my credit score (now 700+!), and make it possible to buy a house. 

 

Now, would love to get your advice on when I should refinance my first home. Here’s where I am at: 

1. Closing new home in a few weeks

2. My current home’s ARM loan is ending in few months  (which is main reason why I want to do this) 

3. Want to take some money out from my currnet home, as it has gone up in value. 

 

Questions:

– Should I wait a few months before I start my refi? 

– I need to make a few big purchases for my new home, and tempted to get new CC or CLI. Just want to confirm – is it a bad idea to open new CL before a refi? 

 

Thanks in advance for your help!

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