I have a low rate. Should I get a HELOC instead of refinancing my entire loan?

B

This all boils down to the math and what you intend to do with the funds. A HELOC is great if you need repeated access to funds and plan to pay the balance off quickly. If you are consolidating other debt or plan to carry a larger balance for an extended period, it is often smarter to refinance your existing mortgage. Even if the rate is higher, the overall payment is often lower.