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Renovate & Roll
Mortgage

Unlock the Power of the Renovate & Roll Mortgage

If you're dreaming of a home that perfectly reflects your style, but your ideal property needs a little work, a Renovate & Roll Mortgage might be exactly what you need. This powerful mortgage solution allows you to roll the cost of approved home renovations into your mortgage right from the start.

Why Choose a Renovate & Roll Mortgage?

A traditional mortgage only covers the purchase price of the home. But with a Renovate & Roll (R&R) mortgage, you can finance both the home and the upgrades you want to make. This means you can:

  • Move into a home that fits your needs and vision sooner

  • Avoid high-interest credit cards or lines of credit to fund renovations

  • Lock in low mortgage rates on renovation costs

  • Increase the value of your home from the start

 

What Kind of Renovations Can Be Included?

R&R mortgages are typically designed for cosmetic upgrades, though some lenders allow more significant improvements. Eligible renovations may include:

  • Kitchen or bathroom upgrades

  • New flooring or windows

  • Roof repairs or replacements

  • Basement finishing or waterproofing

  • Furnace or AC replacement

  • Decks or patios

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How Does It Work?

The process is simple and efficient. Here’s a general overview:

  1. Find a property: Choose a home you love that could benefit from some improvements.

  2. Get quotes: Obtain detailed quotes from contractors for the upgrades you want.

  3. Apply for your mortgage: The total mortgage will include the purchase price and the cost of renovations.

  4. Close and start your upgrades: After closing, your renovation funds are held in trust until the work is completed.

  5. Draw and inspection: Once the work is done (or partially done), an inspection may be required to release funds.

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Quick Comparison: Traditional Mortgage vs. R&R

Sample Value Boost with Renovate & Roll

Who Is This Program For?

This type of mortgage is ideal for:

  • First-time buyers who want to add personal touches

  • Homeowners buying a property with great bones but outdated features

  • Buyers in competitive markets where move-in-ready homes are scarce

 

Let’s Talk Strategy

Every lender has slightly different rules and processes for R&R mortgages. That’s why it’s essential to work with a mortgage expert who understands the fine print and can guide you through the best options.

Whether you're looking at a minor kitchen refresh or a full basement renovation, we’ll help you find a program that fits your goals and maximizes your purchasing power.

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Ready to transform your next home?  Let’s chat and explore how a Renovate & Roll Mortgage can help you unlock a property's full potential.

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