Renovation Loan

Speak to us about applying for a Perth renovation loan to make your home your dream home.

Using equity that you have built up is a great way to finance those renovations, extensions or even a pool to help turn your home into that dream home.

Most lenders will let you access your equity as cash to carry out non-structural changes to your home with a renovation loan. This includes:

  • Kitchen renovations
  • Bathroom renovations
  • Pool
  • Flooring, etc

 

Where you intend to make structural changes lenders will fund this as a construction loan. You will have to provide the lender with quotes and a building contract for the work to be carried out. Lenders will require these to be done by registered builders.

Structural changes include:

  • adding a second floor
  • adding a room
  • adding a granny flat, etc

 

Give us a call today to discuss accessing your equity through a renovation loan!

Why Choose Us

renovation loan

Using Equity For a Renovation Loan

Dreaming of a kitchen renovation, a stunning new bathroom, or a backyard oasis? As your trusted Perth mortgage brokers, we can help you unlock the equity in your home to fund your renovation dreams.

We work with a wide range of lenders to find the best home equity loan options for your specific needs. Our experienced brokers will guide you through the entire process, from assessing your financial situation and exploring your options to securing the most competitive rates and ensuring a smooth application.

Let us help you turn your home renovation dreams into reality.

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FAQs

What is a Renovation Loan?

A renovation loan allows homeowners to borrow funds to finance home improvements, such as kitchen and bathroom upgrades, extensions, and landscaping.

Renovation loans can be structured in various ways, such as home equity loans or lines of credit. They typically involve borrowing against the equity in your home.

You can typically finance a wide range of renovations, including kitchen and bathroom upgrades, additions, landscaping, and energy-efficient improvements.

The amount you can borrow will depend on factors such as your income, credit score, and the value of your property.

Renovation loans can help you improve your living space, increase your home’s value, and potentially lower your energy costs.

Lime Mortgage Brokers can help you find the best renovation loan options, compare lenders, and guide you through the entire application process.

You may need to provide proof of income, identification, property documents, and details of your proposed renovations.

The approval process can vary depending on the lender and the complexity of your application.

Earn as much as $250 in vouchers of your choice when you refer a friend to Lime Mortgage Brokers