Home Improvement Loan
Pay for your renovations with your equity and increase your property's value
Enhance your home’s comfort, function, and durability with a home improvement loan. Upgrade your living space and increase your property's value. You can even transform part of your home into a source of rental income. Invest in your property today and reap the benefits in the future.
or call 1-888-360-1086
Smart money advice for Canadian homeowners
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Learning Opportunity
What is a home improvement loan?
A home improvement loan is financing used to renovate, repair, or upgrade a homeowner's property. Homeowners who do not want to break their existing mortgage can get a home improvement loan as a second mortgage.
Financing your renovations with 360Lending:
1
Increase your property's value
Qualify based on equity rather than just credit and income, making it more accessible to individuals with varying financial situations.
2
Affordable monthly payments
Enjoy a significantly lower monthly payment compared to credit cards and other consumer loans.
3
Common sense qualifications
Qualify based on the equity available in your home with fewer restrictions on your credit and income.
4
No payments for the first 12 months (optional)
Approved on a case-by-case basis if there is enough equity available. Please ask our team about interest prepayment.
Paid contractors $53,000in renovation costs
Sold home for $40,000over the asking price
Case Study: Curb Appeal is Everything
Edna is 67 years old and she has lived in her home for the past 18 years. She is planning to sell her home and move into a retirement community in the near future. A realtor friend of hers suggested that she might be able to list her home for higher if she completes some basic renovations.
Edna is not working but she receives a modest private pension along with her Canada Pension Plan and Old Age Security from the government. She needs money for the renovations and the banks are giving her a hard time.
How 360Lending helped Edna fix up her house
Edna's property is in an excellent neighborhood but desperately needs some basic upgrades and landscaping to improve its curb appeal.
We advised Edna to contact the local contractors for quotes and found out the renovations would cost about $53,000.
Our team determined that a home improvement loan would be the most suitable product based on Edna's age, income, and her intent to sell the property.
Results
Edna was approved for a $53,000 home improvement loan with an affordable monthly payment. The renovations were completed within 3 months and she sold her property for $40,000 over the asking price.
Get an estimate of your monthly payment:
Ready to start your renovation projects?
We recommend getting the following documents ready to ensure a seamless experience:
2 valid IDs (i.e. passport)
Direct deposit (or void cheque)
Home insurance
Mortgage statement
Property tax bill
360Lending empowers families with tools for better decisions and prioritizes client care for success.
9040 Leslie St, Unite 215
Richmond Hill, Ontario, L4B 3M4
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Thurs-Fri9am-5pm
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