Personal Finance

home reno financing: remortgage or Line Of Credit or ?

  • Last Updated:
  • Oct 1st, 2020 11:46 am
Newbie
Nov 20, 2007
2 posts

home reno financing: remortgage or Line Of Credit or ?

Hi All,
We have been mortgage free for the last few months. We have now decided to do some renovations to our home -- approximately 100K -- and am looking at finance options. Any thoughts on whether I should re-mortgage my home or just access my line of credit which is at 2.75% or do you have a better idea? I am looking to have it paid off in 7-8 years. I am in Toronto, Ontario. Many thanks!
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