When is the Appropriate Time to Refinance?

[Michael D.]

Hi All,

I purchased my first house-hack just under a year ago and am approaching the completion of my renovations. I'm now looking to get some insight as to when I should refinance, as well as how I should approach this. I'm about 95% complete, as I still have to install my flooring in the finished basement as well as the drop ceiling. I'm looking to see when I should get in contact with a lender to have them come out and see what equity I have obtained for an assessment. Should I wait until I'm 100% complete? Not looking to get ahead of myself, here, just want to make sure that this isn't something I can do while I'm finishing up work. I also wanted some insight as to what the recommended refinancing path would be, I guess this would be a home equity loan vs cash out. Thoughts?

Thanks!

Mike D'Aries