First Time Buyers understand the implications of their mortgage.  According to a recent CMHC survey, First Time Buyers are keen to educate themselves about mortgage before setting out  to buy their first homeand 90% of them feel they understand.

Home Blog Blog Purchase Plus Improvement Mortgage!

Purchase Plus Improvement Mortgage!

Did you know you can add the cost of your upgrades right into your mortgage with the Purchase Plus Improve Plan!

Here is how The Purchase Plus Improve Plan works;

  • obtain written quotes from a licensed contractor
  • on closing the lender will "hold back" the "improvement" portion of the mortgage until the renovations are complete (usually 30-60 days after closing)
  • once renovations are completed the remaining funds will be released

For more details please click here to read the article entitled What is a Purchase Plus Improve Mortgage or call us today to speak to a qualified mortgage professional!

 

 

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