Alpine Credits helps homeowners renovate indoor and outdoor living spaces with home equity loans

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Experts suggest that spring is the best time to do home renovations. Both indoor and outdoor renovations can help you create a more comfortable and functional space while improving its efficiency and increasing the resale value. 

With many Canadians working remotely, creating a personalized office space is on many homeowners minds. You can also work on your garden or rebuild your deck while enjoying the sunshine. 

Renovations can be expensive, which is why Alpine Credits is helping Toronto residents by providing valuable home equity loans to homeowners – regardless of their credit, age or income. The Canadian private lending company has been offering mortgages and home equity loans for more than 50 years.

“Since the pandemic began, we have seen an increase in the number of people that are taking out equity in their homes to undertake renovations,” says Ashok Gupta, vice president of marketing for Alpine Credits. “Many homeowners are finishing up a basement, installing a new kitchen, adding a den for additional work-from-home space or adding an outdoor deck.”

Even small landscaping projects can raise your home’s curb appeal, which will make it easier to sell in the future. Beautifying your home’s outdoor spaces generally costs between $3,000 and $16,000, depending on the type of work you are doing. With a home equity loan, you can finally build that striking backyard gazebo you’ve been dreaming about. 

Indoor renovations can cost anywhere from $10,000 to $25,000 per room. Experts suggest setting aside one per cent of the home’s total value each year to put toward ongoing maintenance and upgrades. But for many, setting aside money for renovations during the unpredictable pandemic wasn’t realistic. Even homeowners who are retired, self-employed and unemployed can still receive a home equity loan. 

“Anyone who owns a home and has at least 30 per cent equity in their home is eligible for a home equity loan from Alpine Credits. The loan doesn’t necessarily need to be spent on renovations. We see some people use their home equity loan to start a business, for higher education and sometimes to go on vacation,” says Gupta. “Once you receive it, the loan can be used for whatever purpose you want – even to consolidate debt or to build a massive backyard pool.”

Getting approved for a home equity loan has never been easier. The application process doesn’t depend on your credit score or paystub. If you own a home with a minimum of 30 per cent equity, you’ll be given the funds needed for your exciting renovation project. 

To learn more about home equity loans or to apply, visit For updates, follow Alpine Credits on Instagram, Facebook, and Twitter

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