Canada registers millions of homeowners getting engaged in home improvement projects. Everyone has a vision of his home, but homeowners who begin the task are to remain within personal preference and given freedom. Canada has been passing through a phase when demand for housing is strong as interest rates are remarkably low. What one should try to take into notice is that home improvement does not associate only with accomplishment of dream; it adds equity value of the home and substantial financial guarantee. The goal in the job of home improvement must be pin-pointed. People consider going for home improvement loans for the following reasons: a) Landscaping b) Repairing for water lines, sewer. Roof and gutters c) Enlargement of the kitchen room d) Renovating the bathroom and toilet e) Construction of a new bed room when a baby is coming f) Construction or repair of garage There are also other reasons. It is not wise to limit the use of home improvement loans only to repairing works or to the works of small construction here and there. A homeowner can choose to act this way. A simple question should, still, rise in his mind: Have these repairing works added value to his home? Home improvement loans can be used as an instrument to remodel the home. The homeowner can consider going for it with his thoughts. He can also book a contractor for this purpose. Options are not fewer in home improvement loans: a) A homeowner can take loan against his home which is actually a second mortgage. He can get a loan of 80 percent of the equity value. b) He can seek for a fresh mortgage which is actually refinancing. He can try to secure this 1) if his credit record is healthy, 2) if he is financially stable and 3) if he has equity in his home. c) Home equity loans are available for home improvement. There are different provisions on interest rates and tax deduction. It is always better to study the terms and condition before any real move. d) A homeowner can try to get an unsecured form of loan in which an amount of $10,000 is offered in Canada. A healthy credit history is necessary to be eligible for this kind of loan.