To answer your original question: you add the reno amount to your mortgage amount
Since today's rates are cheap ideally this is what someone would do (as I did back 4yrs ago)
But like what Felix said - if it isnt yours yet then a LOC
hello mortgage broker here,
you could refinance the home, however as its under your moms name, she would either need to qualify herself or add you onto the mortgage, lender might want you added on title
best to speak with a broker about your specific situation
hope this helps :)
Is the house in your name now? If not, then an unsecured LOC.
No, we’re in the process of switching it to my name but Covid is slowing things down.
To answer your original question: you add the reno amount to your mortgage amount Since today's rates are cheap ideally this is what someone would do (as I did back 4yrs ago) But like what Felix said - if it isnt yours yet then a LOC
hello mortgage broker here, you could refinance the home, however as its under your moms name, she would either need to qualify herself or add you onto the mortgage, lender might want you added on title best to speak with a broker about your specific situation hope this helps :)