Home Renovation? Use Your Home Equity to Fund It
Thinking about renovating? Instead of high-interest personal loans or credit cards, tap into your home equity with a HELOC or refinance.
Here’s the math:
• Your home has likely appreciated since purchase
• That equity can fund renovations, additions, or upgrades
• Mortgage rates are typically lower than personal loans
• Interest may be tax-deductible (consult your accountant)
Smart homeowners use equity strategically:
✓ Kitchen or bathroom remodels that increase home value
✓ Adding square footage (basement suite, addition)
✓ Energy-efficient upgrades (windows, insulation, HVAC)
✓ Consolidating higher-interest debt
The key? Structure it right so you’re not overextending. Our team helps you calculate how much equity you can safely access and what payment works with your budget.
Ready to turn your home into an investment in itself? Let’s discuss your renovation financing options.
Sandhu & Sran Mortgages | Abbotsford | Surrey | Edmonton
604-864-4222 |
