Let Your Home Pay For Your Next Renovation Project

Have a renovation project on your mind?

Did you know that the value of your house has most probably increased since you purchased it? This value gain can help you renovate your home. Refinancing allows you to use your home equity to secure a lower interest rate to finance your renovation projects.

Did you know that:

* You can borrow up to 85% of the value of your condo, duplex, detached home, 3-4 unit property if it is owner occupied.
* You can borrow up to 85% of the market value for multi-unit buildings of more than 5 units.
* Once the balance of your mortgage is deducted, the available sum could allow you to reinvest in other projects.
* You can apply for refinancing at any time.

Here are some renovation projects that could increase the value of your property:

* Renovate your kitchen or bathroom.
* Build an addition to your house or enlarge your garage.
* Install an in-ground swimming pool in the backyard.
* Improve the appearance of your home with landscaping.

It is always recommended that you hire a recognized APCHQ contractor for your renovations. Ideally, you should always obtain a quote from a professional or a specialized retail store for your renovation projects.

This information has been provided by Chris Brown at Multiprets, If you are thinking of refinancing your mortgage or are looking for more information in order to find out what steps to take to make your renovation dream a reality, please give him a call, he’d be glad to help you out.

Chris Brown, Mortgage Broker
(514) 502 9213