Channel Seven has commissioned a third series of its hit renovation series House Rules.

The life-changing program gives lucky teams from around the country the chance to have their entire mortgage paid off for good.

The massive prize is one of the biggest in Australian television and currently has six teams engaged in a fierce battle for renovation supremacy.

The Seven in-house production is delivering home renovations on a scale never before seen on Australian television with an entire home transformed and revealed every week.

This series has been a rating smash, with audiences up 21 per cent year-on-year and the series averaging 2 million plus (Metro + Regional).

Are you ready to change your life? Applications are now open. For further details, go to the official website yahoo7.com.au/houserules

House Rules airs tonight (Wednesday) at 7.30pm and continues Sunday at 6.30pm before the final home reveal on Monday at 7.30pm where the first team will be eliminated.