A Renovation Loan through President’s Choice Financial’s Secured Borrowing Account offers homeowners a smart way to finance their home improvements.

This innovative financing solution enables you to tap into your home’s equity, providing access to substantial funds for your renovation projects.

With the ability to borrow up to 65% of your home’s value, this financial tool presents a strategic approach to upgrading your living space while maintaining financial flexibility.

Overview of Home Renovation Financing

Home renovation financing opens the door to transforming your living space without stressing your budget

By securing a loan specifically designed for renovations, homeowners can tap into the equity of their property

This financial option allows for a range of projects, from small upgrades to major renovations

Homeowners benefit from competitive interest rates and flexible repayment terms, making it an attractive choice

Accessing funds through renovation financing can also enhance the overall value and comfort of your home

Loan Amounts and Terms

President’s Choice Financial offers a Secured Borrowing Account for homeowners wishing to capitalize on their home equity for renovations.

With this account, one can access funds ranging from $15,000 to 65% of their home’s value.

This provides a flexible option tailored to varying renovation needs.

Below is a detailed table of loan amounts and associated terms:

Loan Amount	Maximum Loan to Value Ratio
$15,000	65%
Varies	Up to 65% of home value

For more details, visit the President’s Choice Financial HELOC.

Eligibility Criteria

• Minimum income: Earn at least $80,000 annually or have a household income of $150,000. Check specific criteria here.
• Residential status: Must be a Canadian resident.
• Age: Must be the age of majority in your province.
• Property ownership: Have sufficient home equity to meet borrowing requirements.
• Credit standing: Maintain good credit history to qualify.

Relevant factor: Property value influences loan size, underscoring its importance. Really important detail is ensuring up to 65% borrowing against equity.

For more info on benefits, visit the PC Financial site.

Repayment Options

President’s Choice Financial offers a flexible Secured Borrowing Account for renovation financing through your home’s equity.

Various repayment options allow homeowners to choose based on their financial situation.

Borrowers can access funds ranging from $15,000 to 65% of their property’s value, offering a tailored solution for any renovation project.

Key features:

• Flexible repayment terms
• No additional fees for early repayment

Option	Features
Standard Repayment	Fixed monthly payments over a specific term.
Interest-Only Payments	Temporary option focusing only on interest payments.
Balloon Payment	Larger closing payment upon loan maturity while managing smaller periodic payments.

For more details, visit: PC Financial Secured Borrowing Account.

Explore benefits to enhance your financial solutions.

The President’s Choice Financial Secured Borrowing Account stands as a valuable solution for homeowners seeking to enhance their properties.

By leveraging home equity, this financing option provides the means to achieve your renovation goals while preserving your savings.