Feedback on HELOC needed for wife's blessing!

[Josiah Cooper]

Happy 4th of July! I'll get right to it: my wife and I want to buy a foreclosure SFH towards the end of the year but only have money saved up for renovations , not enough for the down payment. We're looking to buy in the 60-80k range and I wanted to use a HELOC for down payment but wife is not too stoked about it. Talked with our banker about HELOC's and seem pretty straightforward. I wanted to get your opinion on HELOC's And go from there. If there are more pros than cons I'm pretty sure I'll get her blessing!! If not, we'll go a different route! Thank you so much BP fam for your help and have a safe 4th!!