1) Refinance or Equity Take-Out – This is where you mortgage a lump sum against the existing equity in your property.
2) A Home Equity Line of Credit – Under federal law you can mortgage up to 65% of the value of your home on a “secured” home equity line of credit. The benefit is being able to borrow the funds as you require them rather than borrowing in one lump-sum.
3) Construction Mortgage – For a major renovation you be adding significant value to your property. If this is the case you can mortgage against the future value of of your completed home under a “draw mortgage” program. Please see my “construction mortgage” page for further details.
4) Purchase Plus Improvements – Thinking of buying a home but there are a few minor renovations that have to happen before it really feels like home to you? The purchase plus improvement program may be a good fit. See my “purchase plus improvements” page for more details.
For more details about a renovation mortgage, please email me directly at: email@example.com