Getting Canadians The Cash They Need
Renovating your home can be both fun and stressful time. You just never know what you’re going to get when you open up those walls. It is quite common for renovation projects to experience substantial “project creep”. Perhaps you very carefully budgeted your project and then boom, your contractor lets you know something is just not up to code, or needs to be replaced, or there’s mould in the walls, or he found knob and tube wiring. Budget blown!
We’ve been there, we get it. The Money Depot is here to help. You have options but your situation is unique to you, so it’s best if you speak with one of our advisors today. Here are a few ways in which we can help:
- Get Cash For Your Renovation Fast – As Little As One Day
- Don’t Settle For Living In A Construction Zone. Get It Done
- We Have Less Rigid Requirements Than The Banks
- Leverage Your Renovations Added Value To Tap Into Your Equity
You Are More than Your Credit Score
How Renovations Can Lead To A Financial Crisis
Feeling like you can’t finish a project you started is no laughing matter. One of the most stressful things a person can experience in living in a construction zone, so no point in prolonging that stress if you don’t have too. Has your project has grown beyond what your bank balance can complete?
Older homes hold a real risk of finding mould or outdated wiring in the walls. Modern homes are often built by cutting corners to keep costs down and result in less than ideal circumstances. You only have to watch an episode of one of the plethora of home renovation shows to know the problems that lurk behind your walls. Budget killing problems that often have to get fixed.
The Money Depot can help. We were founded with the belief that Canadians should have access to the credit they need, not the credit the bank thinks you deserve. If your home renovation project is leaving you in the dry-wall dust, then give us a call and we can help get it back on track. How?
Your renovation project has added value to your home regardless of the state of that renovation. We can tap into the equity in your home to get you the cash you need to get your project done. Here are some of the specific ways we can do that:
What Is Home Equity and How Can It Help You Renovate Your Home?
The Money Depot works with dozens of lenders across Canada to get them competing for your business. These lenders will typically offer one of two products to help you get your renovation project completed sooner:
Leveraging the equity in your home makes the most sense. So what is equity? Equity is the difference between what your home is worth, and how much you owe on your mortgage. There is often hundreds of thousands of dollars in equity available to you to help with life’s hiccups like this.
Your equity can be accessed using a variety of loan products available through the Money Depot, here are a couple of examples:
– A HELOC (a Home Equity Line of Credit), which is a line of credit that uses your equity as collateral.
– Refinancing your home’s mortgage to a new one with a larger amount at a lower interest rate. Or;
– Through a second mortgage that taps only into the equity and leaves the original mortgage in place.
To find out more of these products you can visit our page on refinancing your home.
Why Use The Money Depot?
The Money Depot has been Canada’s go-to source for loans since 2009 and we have been in the business of lending money to Canadians since 1999. We work with dozens lenders across the country to help take the stress out of refinancing, and getting access to affordable loans by allowing consumers to get multiple offers from several lenders in a matter of minutes. We get Lenders competing for your business. If you’re tired of hearing no from the banks then get in touch with us! We say “Yes” more often
At The Money Depot, we care about our clients and treat you like individuals. We realize that everyone’s financial circumstances are unique, and we get to know each and every one of them. You are not just a name on a piece of paper, or a number at a bank; you are a person.
Although our loans are short-term solutions to your financial needs, we will work with you to ensure you have a long-term plan. With a loan from The Money Depot, you will be able to address your current issues while you work to improve you credit score, increase your income, and find a more permanent solution. We know what you are going through and are here to help you get on with your life. No need to be embarrassed or feel awkward; you are not the only one that has ever been in this situation. Kick the elephant to the curb and call us for a consultation today.