<prompt> Human: Weve even entertained the thought of putting down a large cash amount minus projected remodeling cost so we could use cash for the remodel and have a small mortgage payment. What do you guys think?  <response>: If youre going to borrow money anyway, a mortgage is probably the way to go about it.You could compare contrast with a hypothetical HELOC after you close on the cash buy, though. The HELOC option might be beneficial if cash payment streamlines your closing, and you can take advantage of the low initial interest on the HELOC if you can repay the money in a year or two, vs. ten years. 