Refinancing · July 2026
Refinancing for renovations: the questions to ask first
How to weigh project costs, cash flow, equity and the long-term effect of a refinance.
Price the whole project
Build a renovation budget that includes permits, contingencies and timing. A loan decision should support the project without creating unnecessary pressure elsewhere.
Understand the trade-off
Accessing equity can change your payment, amortization and interest cost. Review both the immediate benefit and the longer-term cost before deciding.