Advice on cash out refinancing

[Evan Kennedy]

So my credit is ****ed from old credit cards, but I have the option to pull equity from my owner occupied 2 family to repair it....planning on putting on an addition to current house and converting the garage to a rental.. I'm looking for opinions on options that I may not be seeing? If I take the ****** rate and pull all of my equity I can struggle for 6 months until I can refinance or streamline once my credit rebounds? Only other option I can think of would be to pull just enough to pay off bad debt to boost score then do another home equity loan when my credit goes up?? Might be a lot more costly