Renovation Project Financing
Remodeling a kitchen or replacing a roof is a major capital investment. If you prefer to preserve cash or spread project costs across manageable installments, use the estimator below to model monthly payments across different loan amounts, terms, and credit profiles before you talk to a lender.
Interactive Payment Estimator
* Based on a localized estimated prime APR of 8.49%
Lending Partner Options Coming Soon
We're currently vetting reputable home renovation lenders to feature here. In the meantime, use the payment estimator above to model your own budget before you shop for financing.
Financing FAQ
What's the difference between a personal loan and a HELOC?
HELOCs use your home as collateral, providing lower interest rates but risking foreclosure if you default. Personal loans are unsecured, approving based solely on your credit rating without collateral risk.
Does checking my rate with a lender damage my credit score?
Most lenders offer a 'soft-pull' rate check that has no impact on your score, with a hard pull only occurring once you formally submit a full application. Confirm this directly with any lender before applying.
Are interest payments tax-deductible?
Only if you fund the remodel via a certified Home Equity Loan or HELOC, and use the cash specifically for capital improvements that add permanent home asset value, as per IRS / CRA rules.
Establish a 15% Cash Cushion First
Even if you finance the entire construction contract, keep a cash reserve on hand. Contractors frequently discover water rot, old knob-and-tube electrical, or faulty structural framing behind drywall that can't be financed retroactively without delaying active work.