Understood, thanks for taking the time to respond. I really appreciate it!

So then is the general view that using cash-out refi money to purchase a second home, in my case using the VA loan, is usually not a good idea?

I did not realize there still needs to be 20% equity remaining after the cash out refinance. I am new to this, so thank you. I do have the disability rating so those fees are waived.

Oh interesting, thank you. The thought is to use this "equity" to help buy the new primary residence with VA loan. I am assuming if I take a loan out against first house in this example, that will work against me when buying new primary residence?