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Updated Jun 12, Bankrate logo by our editorial team.

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How to pay for home renovations
Rates vary from % APR to % APR depending on property state, loan amount and other variables. Please consult a banker for pricing in your region. See the best HELOC rates in Canada all in one place. We make it easy to compare Home Equity Line of Credit rates from Canada's best lenders. Turn your home equity into cash with a Homeowner's Line of Credit. Access up to 65% of your home's value to take care of extensive renovations.

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Loan details presented here are current as of the publication date. Clients cite a simple application process and speedy funding times. If you are using a HELOC for any purpose other than home improvement such as starting a business or consolidating high-interest debt , you cannot deduct interest under the tax law. FAQs about home equity lines of credit.