Me and my husband recently purchased a foreclosure in a cash transaction so we do not currently have a mortgage. We are now finding out that there were way more problems and repairs than initially reported and we are now short on cash. I have heard a few things about a cash-out refi and a HELOC and a 203k but I’m not sure which would be the best choice. It is a little difficult finding info out here for people who do not currently have a mortgage and our credit is not that great (we both have a score around 620 – 640). Any advice would be great.