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Buy and renovate in one mortgage

Why wait to make your new home your dream home? Make your home perfect for you and renovate at the time of purchase with this mortgage option. Add the renovation costs to your financing budget and pay for it all under one mortgage payment.

Key benefits:

  • Buy and renovate under one mortgage
  • Renovate the way you want the minute you get the keys
  • Borrow at a low rate with a low down payment

 Eligible properties:

  • Existing residential properties
  • Up to four units where one unit is owner-occupied

Why choose this feature?

Buy and renovate together
Save on time and money by planning your renos while going through the mortgage approval process.
Renovate at time of purchase
Make the improvements and renovations you want the moment you take possession.
Save money on interest
Borrow at a low rate and save on interest by adding renovation costs to your mortgage payment.

How it works

You want your home to be perfect for you. This mortgage option allows you to purchase your home and start renovations at the same time.

Step 1

Get pre-approved for your mortgage by applying online or connecting with us.

Step 2

Find your dream home while confirming your renovation costs with your contractor.

Step 3

Get your mortgage approval revised to reflect the renovation costs.

Step 4

Take ownership of your new home and start the renovations right away.

Step 5

Complete the renovations and access the remaining funds for contractor payment.

Other mortgage features

Do more with your mortgage

Go for more than basic with a variety of mortgages from East Coast CU. Borrow equity from your home to make purchases, or add to your mortgage and renovate when you buy.

Unlock home equity

Home Equity Line of Credit

Use the equity in your home to make purchases you need. Explore the possibilities while lowering your borrowing costs with this mortgage option.


  • Borrow up to 80% of the value of your home
  • Save money with a lower interest rate
  • Flexible repayment options



Access equity anytime

Total Access Home Equity

Manage all your credit needs under one product. This mortgage option allows you to use up to 80% of your home’s current value.


  • Consolidate debt into your mortgage and save on interest
  • Access your home equity at any time
  • Choose your flexible payment arrangement


From navigating buying a home and picking the mortgage that's right for you, I am here to provide honest and transparent expert advice to help members make their dreams come true.

We’re here to help

Understand your mortgage options

Mortgages can be complicated—know your options with expert guidance from advisors like Anastasiya:

  • Understand your options
  • Find the best solution for you
  • Get the lowdown on mortgage features
  • Ask about specialty mortgages

Tips for homeowners

Advice for your home ownership journey

Already signed on the dotted line? Find tips and tricks about renovations, home maintenance, and financing in the articles below.


Looking to renovate?

Renos don’t have to be stressful. Get useful info on financing options, so all you’ll have to worry about is finding the perfect tile or paint colour.


Home Financing

The real home financing cost checklist

This detailed checklist will help you keep track of all the extra costs that sneak up (and add up!) when purchasing a home.


Home Maintenance

Tips for maintaining your home

Maintenance is a year-round job. Be prepared for every season, and the changes they bring to your home and your budget.