FAQs - financing

All Maple Leaf Basement renovation scopes are eligible for financing through Financeit. Regular basement finishing, legal basement apartment construction, design and permit management, below-grade entrance construction, bathroom additions, wet bars, home theatres, and any combination of the above. The $500–$100,000 financing range covers the full spectrum of basement renovation investments available through our team.
Financeit uses a soft credit inquiry for the initial eligibility check, which does not affect your credit score. A hard inquiry may occur if you proceed to accept a formal loan offer. At Maple Leaf Basement, we facilitate the application process and support you through any questions, the application itself takes only minutes to complete online.
Many Financeit applications receive a fast or instant decision, often same-day or next-day. At Maple Leaf Basement, we facilitate the financing application at or after your renovation consultation and support you through any questions that arise during the process. Fast approval means your project can move into scheduling and construction start without unnecessary delays.
Financeit loan products typically allow early repayment on qualifying plans without penalties. Review the specific terms of any loan offer carefully and confirm early repayment provisions directly with Financeit before accepting. At Maple Leaf Basement, we encourage every client to fully understand their loan terms before committing, and we are happy to help you navigate the process.
Yes, many Maple Leaf Basement clients finance a portion of the project cost and contribute personal savings for the remainder. We structure the financing application for whatever portion of the total cost you would like to finance, from $500 to $100,000. Combining financing with savings is a common and practical approach that keeps monthly payments manageable while moving your renovation forward.
Financeit assesses applications across a range of credit profiles, from strong to moderate credit history. At Maple Leaf Basement, we cannot guarantee approval or predict specific rates, as those determinations are made entirely by Financeit based on your individual application. We encourage every client to apply and let Financeit assess eligibility directly, the application is free and the initial check does not affect your credit score.
Financeit loan repayment typically begins shortly after loan disbursement, which occurs when the Maple Leaf Basement renovation project is underway. Confirm the specific payment start date in your loan agreement before accepting to ensure it aligns with your household budget and cash flow expectations. Bi-weekly and weekly payment options are also available in addition to standard monthly plans.
No, none whatsoever. All terms, rates, and fees are fully disclosed in the Financeit loan agreement before you accept any offer. There are no costs to apply and Maple Leaf Basement does not charge any fees for facilitating the financing application. What you see in the loan agreement is what you pay — complete transparency from application through final payment.
Yes, financing is available regardless of your intended use for the finished space. For revenue-generating legal basement apartments, the financial case for financing is particularly compelling. Rental income from a well-finished GTA legal suite can offset or exceed your monthly financing payment from the very first month of tenancy, making the renovation effectively self-funding from day one.
At Maple Leaf Basement, we work with every client to find a practical path forward. If your approved financing amount is less than the full project cost, we discuss options including adjusting the scope to fit the approved amount, combining financing with personal savings, or phasing the project in stages. No client situation is the same, we find the approach that moves your renovation forward within your financial parameters.