When I get the extra funds for the mortgage renovation what rate will be charged on the extra funds? The interest rate you will be charged on the exactly funds is the exact same interest rate as on the rest of your mortgage. By Grant Powell|2013-06-05T13:54:53-07:00June 5th, 2013|Alternative Mortgage Financing| Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInTumblrPinterestVkEmail