Buy and renovate in one mortgage
Why wait to make your new home your dream home? Make your home perfect for you and renovate at the time of purchase with this mortgage option. Add the renovation costs to your financing budget and pay for it all under one mortgage payment.
Key benefits:
- Buy and renovate under one mortgage
- Renovate the way you want the minute you get the keys
- Borrow at a low rate with a low down payment
Eligible properties:
- Existing residential properties
- Up to four units where one unit is owner-occupied
Why choose this feature?
Buy and renovate together
Renovate at time of purchase
Save money on interest
How it works
You want your home to be perfect for you. This mortgage option allows you to purchase your home and start renovations at the same time.
Other mortgage features
Do more with your mortgage
Go for more than basic with a variety of mortgages from East Coast CU. Borrow equity from your home to make purchases, or add to your mortgage and renovate when you buy.
Unlock home equity
Home Equity Line of Credit
Use the equity in your home to make purchases you need. Explore the possibilities while lowering your borrowing costs with this mortgage option.
Features:
- Borrow up to 80% of the value of your home
- Save money with a lower interest rate
- Flexible repayment options
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Access equity anytime
Total Access Home Equity
Manage all your credit needs under one product. This mortgage option allows you to use up to 80% of your home’s current value.
Features:
- Consolidate debt into your mortgage and save on interest
- Access your home equity at any time
- Choose your flexible payment arrangement
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From navigating buying a home and picking the mortgage that's right for you, I am here to provide honest and transparent expert advice to help members make their dreams come true.
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Understand your mortgage options
Mortgages can be complicated—know your options with expert guidance from advisors like Anastasiya:
- Understand your options
- Find the best solution for you
- Get the lowdown on mortgage features
- Ask about specialty mortgages
Tips for homeowners
Advice for your home ownership journey
Already signed on the dotted line? Find tips and tricks about renovations, home maintenance, and financing in the articles below.
Renovating
Looking to renovate?
Renos don’t have to be stressful. Get useful info on financing options, so all you’ll have to worry about is finding the perfect tile or paint colour.
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Home Financing
The real home financing cost checklist
This detailed checklist will help you keep track of all the extra costs that sneak up (and add up!) when purchasing a home.
DOWNLOAD CHECKLIST
Home Maintenance
Tips for maintaining your home
Maintenance is a year-round job. Be prepared for every season, and the changes they bring to your home and your budget.
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