Renovation Planning
Renovation Financing
Explore borrowing options that fit your project budget and timing.
Who it helps
Homeowners renovating or buyers planning improvements.
Renovation financing is often where good property ideas get tangled in poor timing or vague lender assumptions. The right path depends on whether the work happens after purchase, during ownership, or as part of a combined strategy.
The goal is to keep the renovation plan, financing structure, and project timing aligned so the improvements create value instead of avoidable friction.
How we help
A plan built around your goals
A plan matched to the type of work
Not every improvement needs the same mortgage structure.
Better timing between purchase, funding, and completion
We help reduce the mismatch between the property plan and the financing plan.
Clearer expectations on lender requirements
Renovation files can get messy when the process is vague from the start.
Process
Your next steps
1
Clarify the renovation goal
Understand whether the work is cosmetic, structural, value-add, or part of a purchase strategy.
2
Choose the right funding route
Review whether a purchase-plus-improvements or refinance-led path fits better.
3
Coordinate timing and documentation
Keep the work, financing, and lender expectations aligned.
Relevant team members
Talk with the team
Mortgage Agent Level 2
Team Lead
Rasha Ingratta
Rasha supports mortgage planning and financing decisions as part of the ShopMortgages.ca team.
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Mortgage Agent Level 2
Mortgage Underwriter
Vanessa Field
Vanessa supports buyers and homeowners with mortgage preparation, planning and clear next steps.
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What else to consider
- Purchase plus improvements
- Post-purchase renovations
- Value-add planning
FAQ
Common questions
Can renovation costs be built into the mortgage?
Sometimes, depending on the timing and lender program.
Should I refinance instead of using a renovation product?
In some cases yes. It depends on equity, timing, and scope.
Do lenders need contractor details?
Often yes, especially when the renovation is tied directly to the mortgage structure.
Start the conversation
Tell us about your mortgage goals
Tell us your question and how to reach you. Please leave account numbers and sensitive documents out of this form.