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i can't really say for the states, but usually a remortgage has higher interest, but repayments are lower over a longer period of time over here.
personally, i'd say if you are going to take one out, take out the remoddling bit unless it's absoloutly neccessary, because in a few years down the line, the extrea interest could be making you pay through your teeth.
also, with any loan, do the math and figure out how much (inc. interest) you'll be paying back by the end of the loan, if it's more than half what you borrow, don't take it.
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