How far should hand move during last phase of stroke?

Hi everyone- I am new here and have been wondering something and there seems to be a lot of differing opinion on this. I am asking about the last phase of the stroke (freestyle) after you have had a strong catch and are pulling through---how far should you pull through? Should your hand stop at the waist or should it push through until you lose grip on the water (past the waist)? I have heard/read both opinions but wondered if there is a general consensus on this now. Thanks for your help.