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Renovation Loan
Renovation Loan
Home Renovation Loans
Small Call to Transform Your Home. Build Your Dreams. Maximize Your Investment.
Your Dream Home is Closer Than You Think
That Pinterest board isn't just inspiration anymore – it's your blueprint.
You've been walking through your home, envisioning the possibilities. The dated kitchen that could become a chef's paradise. The basement that's screaming to become a family entertainment hub.
The bathroom that deserves a spa-worthy transformation.
The vision is crystal clear. But how do you fund the dream?
Welcome to Toronto's smartest renovation financing solution – where your home's future value becomes today's borrowing power.
🏗️ Why Renovation Loans Beat Every Alternative
❌ The Traditional (Painful) Route
Most Toronto homeowners try these first – and regret it:
✅ The Renovation Loan Advantage
Here's where the magic happens: We calculate your borrowing power based on your home's post-renovation value, not just what it's worth today.
📊 Real Toronto Example: The Power of Future Value
The Traditional HELOC Limitation
Meet the Johnsons – Leslieville Homeowners
Their Dream: $350,000 kitchen + main floor renovation
The Problem: $70,000 short of their goal
The Renovation Loan Solution
🎯 Renovation Loan Programs Available
🏅 Purchase Plus Improvements
Best for: Buying a fixer-upper in Toronto's hot market
Combine purchase + renovation into one mortgage
Up to 90% financing of total project cost
Prime rates available (currently 5.25% - 6.50%)
Perfect for: Bidding competitively on homes needing work
🔧 Refinance + Renovate
Best for: Current homeowners ready to upgrade
Access up to 80% of post-renovation value
Competitive rates (5.45% - 6.75%)
Flexible draw schedule as work progresses
No monthly payments during construction
⚡ Construction-to-Permanent
Best for: Major additions, custom builds on existing lots
One application, one approval for entire project
Interest-only payments during construction
Converts to regular mortgage upon completion
Up to 18-month construction timeline
Michael & Jennifer T.
"Turn Your Project Into Reality"
→ Call Now: 647-241-6652
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Dan Mizrahi
Mortgage Broker
Choice Financial Corp. #13564
Independently owned and operated
Licensed in
Ontario FSRA #13564
Alberta RECA
CF Choice Financial Corp:
BC: BCFSA #MB605782
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