About Home Renovation Loans
A home renovation loan is a loan for the purpose of renovating, remodelling or repairing a home. There are several financing options when it comes to borrowing money for home renovations, including home equity loans, home equity lines of credit, and personal lines of credit
A home renovation loan is worth considering if you don’t have enough liquid cash to finance upgrades or repairs. If you own an old investment or rental property, a home renovation mortgage makes sense if you are looking to increase the value of your investment.
The terms and conditions of a home improvement loan can vary greatly, depending on not only the lender, but also the borrower’s credit score and the amount of money involved.
When it comes to home renovation loans, most individuals choose their local bank over other lenders and brokers. While banks can provide a wide range of services, they do so on the basis of a number of documents and qualifications. This makes the application process extensive and in turn, makes it very hard for people to qualify for a home renovation loan.
If the banks are requesting too many documents or taking too long, Freedom Capital is here to help.
Renovate your property with Freedom Capital
Freedom Capital is regarded as one of Canada’s leading providers of alternatively secured Real Estate financing. Borrowers prefer us over traditional banks because of our prominent market position. In today’s world, it can take weeks or even months for a bank to approve a mortgage. We can get you approved in as little as 24 hours*.
Unlike banks, we do not require an extensive list of documents. We simply look at your property and its equity, and provide options for a first, or second mortgage This allows you Investment Property and Your Renovations which leads to renting or selling that home for a higher price.
We offer our professional services to our clients and are more than happy to serve them whenever they need us. Our topmost priority is to provide personalized and fast financing solutions to our clients.
We take pride in the fact that we take on rush deals and process home renovation loans within the given timeframe.