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When it's time to plan a home renovation, consider making it eco-friendly. An environmentally friendly renovation will reduce your home's impact on the environment and help you save money on your energy bills.
One way to fund an eco-friendly renovation is to leverage the equity in your home. If you have at least 20% equity in your home and are looking for a smart and easy way to manage all of your borrowing needs, the RBC Homeline Plan® could be just what you're looking for. It's one simple, flexible plan that allows you to combine your mortgage(s) and line of credit, and gives you the ability to split your mortgage into fixed and variable rates. For more information on finding the best mortgage that suits your needs, talk to an RBC mortgage specialist.
Before starting an eco-friendly renovation, consider a home energy audit performed by a qualified energy advisor. You can find one at the National Resources Canada website, www.nrcan.gc.ca. The audit will help you identify the projects that will lead to the greatest improvements in the energy efficiency of your home.
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