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Finance Your Home Improvements Want to renovate your home but don’t have the cash upfront? A renovation mortgage lets you...
Takes 30 seconds. No credit check required.
Want to renovate your home but don’t have the cash upfront? A renovation mortgage lets you roll the cost of improvements directly into your mortgage — whether you are buying a fixer-upper or upgrading the home you already own. Mortgagefy helps you access renovation financing through Purchase Plus Improvements programs and equity-based solutions across our network of 100+ lenders.
A renovation mortgage combines your home’s purchase price (or existing mortgage) with the cost of planned renovations into a single mortgage. Canada’s Purchase Plus Improvements program, available through CMHC, Sagen, and Canada Guaranty, lets you finance both the purchase and renovations with as little as 5% down. For existing homeowners, refinancing to fund renovations is another powerful option that lets you tap into your home equity at mortgage rates rather than personal loan rates.
Home buyers purchasing a property that needs renovations before move-in. Existing homeowners with equity who want to finance upgrades. Both cosmetic and structural renovations are eligible, including kitchens, bathrooms, roofing, flooring, additions, and energy efficiency upgrades. Renovation budgets typically up to $40,000 for insured mortgages, with higher amounts available through conventional financing.
Combine purchase price and renovation costs into one convenient mortgage. Down payment as low as 5% based on the improved value of the property. Avoid high-interest personal loans or credit cards for renovations. Increase your home’s value while paying mortgage rates on the renovation cost. Projects typically completed within 90 to 120 days of closing.
You provide a renovation plan with contractor quotes. We arrange financing based on the as-improved value of the property. Renovation funds are held back and released to you as work is completed and inspected. Our team coordinates the entire process from appraisal to contractor draw schedule so your renovations are funded smoothly and on time.
Tell us about your situation. We review your needs, goals, and financial picture — quick and confidential.
We compare rates and terms from our network of banks, credit unions, B-lenders, and private lenders to find your best match.
Once you choose your best option, we handle the paperwork and guide you through to funding — fast and stress-free.
Fully licensed and regulated in Ontario. Your interests are legally protected.
Clear terms, honest guidance, and a dedicated agent working to get you the best deal.
Pre-approvals in 24 hours. Private lender funding in as little as 48 hours when time is critical.
We shop your application across banks, credit unions, B-lenders, and private lenders Canada-wide.
Get a personalized rate quote in under 60 seconds. No hard credit check required.
Fully licensed, operating under 8Twelve Mortgage Corporation (Lic#13072).
Access to Canada's largest network of banks, credit unions, B-lenders, and private lenders.
Get a response within 2 business hours. Many approvals within 24-48 hours.
Expert guidance with zero pressure. We work for you, not the banks.
A licensed mortgage agent will personally review your situation and call you back within 2 hours. No pressure, just expert guidance.
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Mortgage services provided by 8Twelve Mortgage Corporation, licensed mortgage brokerage (Lic#13072).
Have questions about your mortgage options? Book a quick call with a licensed agent — no pressure, no obligation.
