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Old 04-15-2021, 08:56 PM   #1
Ferarri
Scoring Winger
 
Join Date: Sep 2007
Exp:
Default Mortgage and Home Reno

Wondering what the best option is for this scenario. Iím approaching the end of a 5 year term and Iím looking to renew my mortgage. In saying that I have some renos that I want to include. Is it possible to re-finance the mortgage but add these renos to the overall cost?

For example, mortgage value is $450,000 and the expected renovation costs are $50,000. Would I be able to secure a mortgage for $500,000?
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