Fallen in love with a home that almost checks all the boxes? Maybe the kitchen needs an update or the flooring could use an upgrade—this is where a Purchase Plus Improvements mortgage can help!
This mortgage option allows you to roll the cost of certain renovations into your mortgage at the time of purchase. That means you don’t need to drain your savings or take out a high-interest loan to make your new house feel like home.
From updating bathrooms to finishing the basement, this solution is ideal for buyers who have a vision for a home that needs a little love. The key is to plan your improvements ahead of time and provide quotes to your mortgage professional during the application process.
Pair this mortgage option with the guidance of an interior designer, and you can truly turn a dated property into a dream home—all while building equity from day one.
Want to learn more about whether Purchase Plus Improvements is right for you? Our team is here to walk you through the process.
– Michele McGarvey Team, Dominion Lending Centres