Rates may be higher by the time you wanna refi.
Taking on debt leads to greater monthly payment. Rates should fall SIGNIFICANTLY to be able to refi that makes economical sense. Unless you are many years into mortgage and the only way to reduce payment is to reset the term. It will cost you 10k+ in fees to refi.
If you need to HELOC to afford a remodel and then refi after that, you should consider skipping the remodel. You can’t afford it.
Yeah but interest rates have gone up recently, not down. Also, your remodel may not yield the appreciation you’re hoping for. Finally, you have to pay origination fees. Certainly possible it goes your way, just be aware of the risk.