I WOULD LIKE TO:
Refinancing A Mortgage to Renovate Your Home
A standard mortgage refinance allows you to refinance up to 80% of your homes market value. However, there is a program that will let you access more funds for renovation purposes.Refinance Plus Improvements
A refinance plus improvements allows you to access more than 80% of your homes market value. Typically you will be able to access 10% of your mortgage amount up to $40,000 to complete renovations. Most lenders require upfront quotes from contractors before the mortgage approval is issued. This is a great way to access low cost borrowing to improve your home. As always, if you have questions about breaking your mortgage to secure a lower rate, or general mortgage questions, I'm here to help! Contact Kathleen Dediluke Mortgage Expert with any mortgage questions you may have.
I WOULD LIKE TO:
Licensed Sub Mortgage Broker with Dominion Lending Centres
Integrity Mortgage BC, © Copyright, Dominion Lending Centres Inc.
Each Office Independently Owned and Operated
Refinancing A Mortgage to
Renovate Your Home
A standard mortgage refinance allows you to refinance up to 80% of your homes market value. However, there is a program that will let you access more funds for renovation purposes.Refinance Plus Improvements
A refinance plus improvements allows you to access more than 80% of your homes market value. Typically you will be able to access 10% of your mortgage amount up to $40,000 to complete renovations. Most lenders require upfront quotes from contractors before the mortgage approval is issued. This is a great way to access low cost borrowing to improve your home. As always, if you have questions about breaking your mortgage to secure a lower rate, or general mortgage questions, I'm here to help! Contact Kathleen Dediluke Mortgage Expert with any mortgage questions you may have.
