Do you have equity in the home at this point? If so, I would look at a HELOC or home equity loan, not a refi. A HELOC or equity loan would just be for the amount of equity you have built up in the home over the last 3 years and hopefully would cover a roof replacement. A refi would probably cost you way too much at this point and raise your interest rate on your entire mortgage to todays rates. If I had to do this, I would much rather only be paying a higher interest rate on a HELOC or home equity loan and pay it off as quickly as you can to have it gone quickly. I am considering this for some home improvements we were planning on making in 2024. I will be taking out a home equity loan of $50k for 15 years, but will make triple the payments to get it paid off early with less interest.