What if I do not have enough equity to increase my mortgage?
If you don’t have enough home equity, you might want to consider taking out a personal loan. This can be an alternative for smaller home improvements. The interest rate is usually higher than on a mortgage, but the loan is often available more quickly.
More questions about renovating and making your home sustainable
- Can I get interest deduction on the loan for my renovation?
- Can I use a mortgage increase for maintenance on my home?
- How long does it take to arrange a mortgage increase?
- How much can I borrow at most for a renovation or sustainability upgrade?
- Which documents do I need for mortgage advice on renovating or making my home sustainable?
Still have a question?
Is your answer not listed? Feel free to contact me — I am happy to help you further.
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