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Arina Televca

Arina Televca

Mortgage Broker


(514) 586-1615
(514) 357-1210

1555 boul. de L'Avenir , 211
Laval, QC
H7S 2N5

Itching to renovate your home? Here's how to make it happen.

After a visit with me at my office, Vanessa and Thomas decided to renovate their home to bring it up to date. They even took the opportunity to add a garage!

Fifteen years ago, they paid $150,000 for their home, which is worth $400,000 today. They have a mortgage balance of $50,000. The estimated cost of the renovations they want to do is $150,000. I succeeded in getting them a bigger mortgage for a $200,000 with an interest rate of 5%* for five years. Their payments will be $1 163.21, because they chose a 25-year amortization.

With this new loan, they will be able to renovate their kitchen, bathroom, add a garage, even buy new furniture and redecorate their home. What a great way to celebrate winter!

Do you want to renovate your home, come and see me! I’ll be pleased to help you make your projects a reality.

* Average rate


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December 7 2022

1 Year Fixed 6.79% 5.69%
2 Years Fixed 6.29% 5.69%
3 Years Fixed 6.99% 5.22%
4 Years Fixed 6.99% 5.19%
5 Years Fixed 6.99% 4.89%
5 years Variable 6.30% 5.05%
7 Years Fixed 7.00% 5.49%
10 Years Fixed 7.49% 5.94%
HELOC 6.95% 6.45%

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