House Hack Refinance

[Spencer Krautkramer]

I'm looking into getting my first house hack and determining how much I should buy down my rate (and when the break-even time period is). I know I will need to live in the property for at least a year and I don't see interest rates going down significantly in that time period - after that is unknown. Is it better to refinance while you still live there to keep an owner-occupied loan with a lower interest rate, or would most people move after a year (for a better living situation/job/property) and refinance later with an investor loan once they've hit 20% equity and rates are lower? Also, do most people try to take out a HELOC before moving so that they have it for future projects?