After a visit with me at my office, Vanessa and Thomas decided to renovate their home to bring it up-to-date. They even took the opportunity to add a garage!
Fifteen years ago, they paid $130,000 for their home, which is worth $275,000 today. They have a mortgage balance of $62,000. The estimated cost of the renovations they want to do is $95,000. I succeeded in getting them a bigger mortgage for a $170,000 with an interest rate of 3.19%* for five years. Their payments will be $821.18, a tiny increase on their previous payments.
With this new loan, they will be able to renovate their kitchen, bathroom, add a garage, even buy new furniture and redecorate their home. What a great way to celebrate winter!
Now is the time to take advantage of this opportunity because interest rates are still low. Do you want to renovate your home without hurting your budget?
* Rates available on April 23th, 2018
Come and see me! I’ll be pleased to help you make your projects as well as your family’s projects a reality.
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