Home Renovation Loans

by ConstructionRenoLoans.com

ConstructionRenoLoans.com specializes in Renovation Loans in the Toronto Renovation market. Our main goal is to help homeowners and professional Renovators who are in the process of Renovating a home. Our way of helping Renovators and homeowners is by getting them the financing for their Renovation Project, whether it be a Major Renovation, Interior Renovation, Exterior Renovation and sometimes a Home Addition Renovation. The Toronto Renovation market has evolved over the past 15 years. There are more and more homes being Renovated in the Toronto area. Home owners are staying put in their current homes and are adding value to their home by Renovating.

At ConstructionRenoLoans.com we are able to provide homeowners and professional Renovators with different types of Renovation Loan options. Below is a list of financing options.


A) This option is when a home is purchased with the intention of completing a Major Renovation i.e. gutting the inside and remodeling the house or adding a second floor to a home. A Major Renovation Loan is generally based on equity in the property. There has to be minimum down payment of 35-40%, and then we are able to finance the property based on the future value after the Major Renovation is completed.


B) This option is generally in connection with option "A". This option is generally after most of the Renovation has been competed and the home owner or professional Renovator needs some additional funds for a short period of time for unanticipated expenses that might occur. When this does occur, we assist the Renovator by obtaining a small short term second mortgage from our private lenders affiliated with ConstructionRenoLoans.com for the amount needed to cover the unanticipated expenses during the Renovation.




About the Author
ConstructionRenoLoans.com has been funding Renovation projects in the Toronto and surronding area for moe then 20 years. ConstructionRenoLoans.com specializes in Renovation Home Loans and New Construction loans.