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Step 1
Identify your budget and renovation needs
List all the renovations you hope to do.
Decide what amount you’re comfortable spending on renovations.
Get estimates to understand how much each renovation might cost.
Think about what’s most important if you must stay within your budget.
Step 2
Explore and secure financing options
Talk to a Mobile Mortgage Specialist or Financial advisor to understand the different financing options available to you as well as what amount you may be approved for.
Research the different renovation financing options available to you such as our Home Plus Plan (HPP) or Purchase Plus Improvement Program (PIPP), which can be integrated into your mortgage. Or choose one of our other renovation financing options such as line of credit, personal loan, etc.
To be eligible for financing, we require vacation properties and cabins to be in Canada. Additionally, some requirements must be met when it comes to owned and leased lands, water, and sewer sources, heating sources, etc.
Once you’ve secured financing, begin your renovation work, and bring your vision to life!
Why invest in renovations?
Renovations can help boost your property value, turning your investment into increased home worth. To measure the impact, consider getting an appraisal at both the beginning and completion of your renovation journey. This dual assessment ensures you not only track your progress but also gain a clear understanding of how each enhancement contributes to the overall value of your home. Invest wisely and watch your property flourish!
Meet our Mobile Mortgage Specialists
As a first-time homebuyer, we understand the importance of flexibility. Our Mobile Mortgage Specialists bring the branch to you, accommodating your schedule and providing personalized service, ensuring you can easily navigate the journey to your first home without any unnecessary stress.
Have questions? That’s what we’re here for!
Give us a call
Have questions about which mortgage option is most suitable for you?
Connect with us
Ready to start your homeownership journey? Fill out this form and one of our Mobile Mortgage Specialists or Financial advisors will be in touch shortly.