- Renovation Financing
Renovation Financing with a Private Mortgage
If you need cash to renovate your property and don't want to wait through a bank's delays, a private mortgage loan with Clic Hypothèque lets you finance your work using the equity in your home, without relying on your credit history.
- What Is Renovation Financing?
What Is Renovation Financing with a Private Mortgage?
It's a loan secured by the equity in your property that gives you cash to carry out renovations, whether to improve your quality of life, increase your property's value before selling it, or prepare it for future refinancing with a traditional lender.
- The Process
How Does the Process Work with Clic Hypothèque?
1.
You fill out an online application with information about your property and the amount needed for your renovations.
2.
We review your file and give you a response within 24 hours, with no impact on your credit.
3.
If your file is approved, you sign the contract at the notary and receive the funds to start your work.
- Rates
What Rates and Amounts Are Available?
Our rates range from 9% to 12% for first mortgages and from 13% to 15% for second mortgages, depending on each homeowner's equity and situation. We provide financing from $25,000 to $1,000,000, up to 75% of the property's value. The exact amount and rate depend on the assessment of your file.
- This Solution
Who Is This Solution For?
This solution may be right for you if you:
Want to renovate your property before selling it to increase its resale value
Need cash quickly for cosmetic or structural renovations
Have available equity in your property, even without enough declared income to qualify with a bank
We assess every application across Quebec, with funds disbursed in stages as the work progresses, whether the renovations are cosmetic or structural.
- Frequently Asked Questions
Frequently Asked Questions
Clear answers to help you understand private mortgage financing.
Can I Finance a Renovation If I Plan to Sell My Property Afterward?
Yes. Many homeowners use this financing to renovate before selling, in order to increase their property's resale value.
Can I Get This Financing If I'm Self-Employed?
Yes. We mainly assess the equity in your property, not your declared income, which makes this solution a common option for self-employed workers.
Ready to renovate your property?
Finance your work with your home equity and get a response within 24 hours.