Financing

Ways to finance your renovation

4 common routes

Don't let budget stop your project. Here are the most common ways American homeowners fund renovations.

Home equity line of credit (HELOC)

Borrow against your home equity with flexible, often lower-interest access to funds, a popular choice for larger renovations.

A fixed-term loan with predictable monthly payments. Good when you know your total project cost upfront.

Roll renovation costs into a new mortgage. Best for major projects when rates are favourable.

Convenient for smaller jobs, just watch the interest rate for anything you carry month to month.

NeedReno is a marketplace, not a lender. This page is general information, not financial advice, always compare offers and read the terms.