Remodeling personal home. Refi vs Heloc

[Crysta Marquez]

Hello everyone, 

I appreciate anybody's tips and recommendations. I am helping my mom renovate her home that she currently paid off. We are in the process of weighing our options of going with a Refi or Heloc (also open to any other options that may be better). We are looking for a quick turn around of getting approved. Most importantly she is looking to fix her foundation. In the past she was denied for a home improvement loan because she was told the foundation needed to be fixed before. Recently she was denied a Heloc bc of past credit issues that will be resolved next month (her credit is not too bad). With all that being said I'm not too sure if there is a route that would be easier for her to get approved with. To be conservative the ARV of her home is around 200k. My plan is also use the loan towards another flip if the opportunity presents itself. We are in the Dallas, Tx market. Again any advice is greatly appreciated.