Be Aware of the Policies and Procedures around your Loans

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When it comes to major home remodelling or renovations, it’s common to apply for a loan to finance your project… But be aware of the policies around these loans. Simply having a deposit does NOT guarantee you a loan. Some banks have restricted their finance criteria and might now only lend up to 65% of the purchase price. When it comes to looking through financing options, it really does pay to do your research. Have a clear budget with potential builders and discuss this as part of your loan appointment with your bank. For more tips, download our eBook: “6 Ways to Reduce Risk on your Construction Project” ~ http://bit.ly/6ways-to-reduce-risk.