How to use the Equity in Home to Take Advantage of the Home Renovation Tax Credit

Have you been putting off some needed or wanted renovations? With the available Home Renovation Tax Credit offered by the government, now is a good time to get some renovations done.

The basics are spend $10, 000 on approved home renovations and receive up to a $1350 tax credit. *see blog post for infomation on government site for details

Did you know you can use your exisiting equity in your home to do those home renovations?

A couple of options are

1) Refinance plus improvement
2) Equity line of Credit
3) Equity Visa
4) Purchase plus improvement

These products combined with the great mortgage rate available make putting in a new kitchen or finishing your basement affordable.