What Is a Mortgage Loan Used For Beyond Buying a House?

The choice of a mortgage loan often results from the fact that the borrower has no other guarantee than their property. In this case, they may not be able to obtain traditional unsecured financing such as an installment loan. By offering their home as collateral, the borrower can benefit from larger amounts and potentially more favourable rates and terms. In 2026, with rising renovation costs and increased energy-efficiency requirements, using a mortgage loan to finance renovation work is often more appropriate than multiplying small short-term credits. It allows you to structure your project clearly and spread the cost over a period aligned with the lifespan of your works.

Using a Mortgage Loan to Finance Your Renovations

A mortgage loan is particularly suitable for renovating a house or apartment. It enables you to consolidate your renovation budget under a single, structured financing solution. Depending on the nature of your works, the application process and the way funds are released will differ slightly. // Accordion content…

By structuring your renovation financing this way, you keep a clear overview of your project, the amounts already invested and those still to come, all while benefiting from the legal and financial security of a mortgage framework.