Home renovation loans for homeowners worldwide
Whether you are looking to make some repairs or upgrades, Alpine Credits provides up to $500,000 to help you renovate your home.
How to get a home renovation loan
Complete an online application
Fill out the form with the right information: no obligation or impact on your credit score.
Speak with a Financial Solutions Specialist
A specialist will contact you to provide support, answer your questions and provide more information.
Get approved and receive funds
With at least 25% equity ownership in your home, you can get approved and receive funds within a few days.
A home renovation loan for homeowners
homeowners
Improving your home is a big commitment and a significant investment. Many consider giving their property a makeover but might see the required budget as an obstacle. Instead of worrying about how much they’ll have to save and spend, homeowners can apply for a loan to finance the renovations.
Home renovation loans are essential for all because they can allow homeowners the opportunity to realize their dream living space. Homeowners can even get a different type of loan depending on their projects’ size. However, no matter how ambitious the ideas are, a home equity loan from Alpine Credits is one of the best ways to support those plans.
Use cases for home renovation loans
Enhance property value
- Use a home renovation loan to make improvements that increase your property’s market value, offering a strong return on investment.
Upgrade your living space
- Renovate key areas like the kitchen or bathroom to create a more comfortable, modern, and functional home environment.
Spread out renovation costs
- Finance your home improvements with a loan, allowing you to manage renovation expenses through affordable monthly payments rather than paying upfront.
Benefits of home renovation loans
You have a unique opportunity as a homeowner who has built some equity. Unlike other loans, home equity loans can provide you with several advantages:
Flexible Amount
ou don’t need to borrow the total home equity loan amount; you can borrow just as much as your renovation plans require. You’ll be able to get the amount you need, which is more than credit cards and personal loans can offer.
Fixed monthly payments
Home equity loans usually have a fixed interest rate, which allows you to predict your spending and track your budget.
Lower interest rate than credit cards
Some people put their home renovation expenses on a personal line of credit, but credit cards come with high interest rates. Home equity loans offer comparatively competitive interest rates, which allows you to save more.
No credit score checks
A unique feature that Alpine Credits offers is that they don’t check your credit score. The only factor determining your eligibility is your home equity rather than your financial history.
Good for full-scale makeovers
The cost of hiring general contractors and purchasing the materials can quickly build up. If you have a lot of equity, you can use it towards those expenses without worrying about having too little.
Why choose Instant Bridge Financial
Simple qualifying criteria
Instant Bridge Credits focuses primarily on home equity value, and less on credit score or income status.
Quick approval and funding
Instant Bridge reviews your application significantly faster than traditional banks and lenders. Get your funds deposited in less than a week.
Personalized support
Instant Bridge has a team of Financial Solutions Specialists to help you and answer any of your questions.
Types of home renovation financing options
You can find various ways to support your home renovations financially. Certain types of home improvement projects will also have different requirements.
For example, a pool addition or a roof replacement will need more financial resources than a new paint job in the bedroom.
- Use your savings to pay for your renovations—spending money on renovations can help you save on interest, but your savings capacity is limited. Unless you only plan to do more minor home improvements, a better option may be to borrow money.
- Apply for funding and grants from the government—sometimes, you can get a grant or receive a reimbursement from the provincial government. They’re great options when your renovations are centered around accessibility but are not generally available for those who want to change the house’s style.
- Finance your renovations with your home equity—homeowners can access the value of their home equity as cash. The property equity is calculated by taking the difference between the outstanding mortgage and the house’s appraisal value. When getting a home equity loan from Instant Bridge Financial, you’ll be able to receive up to 75% of your home equity as a loan.
