Developing a clear financial strategy (one that leaves room for the unexpected) is one easy way to pull together a successful home renovation project. Whether you hire a contractor or DIY, SCU offers flexible home renovation mortgages designed to help you achieve your goals.
Leverage equity to save money: Instead of an unsecured loan or credit card, consider taking advantage of your home’s equity – even if you’re already locked into a fixed rate. In addition, consider a second mortgage or a mortgage-secured line of credit that taps into lower interest rates while offering greater flexibility in payments.
No project is too big (or small): Whether you choose a lump-sum payment or multiple draws over time, SCU’s renovation mortgages are designed to provide funds when and how you need them. Even if your project is more than your current available equity, SCU can work with you to leverage the completed value of your home and increase the funds available to you.
We understand renovation mortgages: SCU’s lending specialists have the expertise to help you devise a sound financial strategy. With competitive lending rates, flexible payment options, and fast decision-making, SCU can help you break ground on your next project. Call us today at 1.800.728.6440 to learn more and get started.