Heron Real Estate
1265 Morningside Ave., #203

If you could treat yourself (and your home) to one of these, which one would you choose? Share your answer below!

2020 was a whirlwind year for Canadian housing markets. From historic lows to record-breaking highs, today we look back on monthly data released by the Canadian Real Estate Association.

So you're thinking about doing a renovation, but don't have the cash. Well here are a few options to help finance home improvements and renovations! Let's dive in a little deeper to the most common options: ... This type of refinancing replaces your existing mortgage with a new home loan for more than your current loan amount - with the difference being the extra cash. Lenders will generally let you borrow enough to pay off your current mortgage and take out more cash, usually up to 80% of your home’s value. (You must have equity built up in your house to use a cash-out refinance). A HELOC is another way to borrow against the value of your home. With a HELOC, you receive a line of credit usually up to 80% of your home’s value, minus the amount of your current loan amount. With a home equity loan, instead of getting a line of credit that you can tap into as needed, you would receive a lump sum of money. A home equity loan could make sense if you don’t want to do a cash out refinance because you have a low interest rate. Another option for smaller home improvement projects is to use a credit card. This may be a good idea if you can get a 0% introductory rate, and you plan on paying off the amount before the higher interest kicks in. Also look for sign-up bonuses and cashback incentives. If you're considering a renovation, I can provide lender recommendations, as well as contractors I trust, to help make your dream home a reality. Message me today! . . . . . . . #yyz #yyzlife #entrepreneur #streetvillehomes #nodaysoff #bossbabelifestyle #bossbabesquade #streetsvillemississauga #streetsvillehomes #streetsvillevillagesquare #realtor #remaxrealtor #thursdaythoughts #thursdayvibes #mississaugarealtorinmyarea #realestateagentinmyarea #bathroomrenovations #renovationinspiration #financeideas

If you’ve been cooped up in your home for any extended period, you’ll know how unpleasant it is to be in a stuffy room.