Understanding Purchase Plus Improvements Program

written by JoseD

Finding the perfect home can be challenging, especially when a property needs some renovations to meet your expectations. The good news is, the Purchase Plus Improvement Program allows you to finance these renovations as part of your mortgage. This solution is perfect for homebuyers who want to customize a property without stretching their budget too far.

 

Purchase Plus Improvement01

With as little as a 5% down payment, you can borrow extra funds for improvements and roll them into your mortgage. Imagine being able to update that outdated kitchen, modernize the bathroom, or create a beautiful backyard – all while enjoying the convenience of one affordable monthly payment.

 

 

 Here’s how it works:
Purchase a home that may need some upgrades.
Obtain quotes for the renovations you want to make.
The cost of the renovations is added to your mortgage.
Once the work is completed, your lender inspects the renovations, and the funds are released.
This program is an excellent opportunity for first-time homebuyers and anyone looking to personalize their living space. Plus, renovating your home can increase its market value, providing long-term benefits.
Ready to turn that fixer-upper into your dream home? Contact us today to learn more about how the Purchase Plus Improvement Program can work for you!

Carolina Paredes

 

Ask me a question!

Mortgage Calculators

Find out how much you can afford in 30 Seconds.

A Taxi Driver

A taxi passenger tapped the driver on the...

Just a Laugh

Its is about a barber that want to make fun of a boy…

Billionaires’ Advice: How To Get Financial Freedom

Most rich people started out poor and had to work their way up to where they are now. The only difference between a billionaire and a middle class person is their financial skills

Credit Repair Guide

Your credit record and score are like a report card that summarizes your financial behavior. Lenders use the number to determine your creditworthiness. The higher your credit score is, the more likely you are to be approved for loans, mortgages and credit cards with favorable terms.

Why Alberta Real Estate Market is Growing Despite the Trade War with USA?

Alberta’s real estate market has shown resilience and growth, even amid periods of trade tension between Canada and the United States. Several factors help explain why:

Our Real Limits

You’d be surprised to know that a big elephant...

Getting a Mortgage with Bad Credit

Securing a mortgage can be a little intimidating. Having bad credit can complicate things but it doesn’t mean that you can’t get a mortgage

Should You Choose a Variable Rate in 2024

Canada’s inflation rate has decreased significantly, standing at 2.9% in January 2024, falling from a high of 8.1% in June 2022.

Spring Into the Market Your Canada Real Estate Update for 2025

Canada Real Estate Update for 2025- The landscape in Spring 2025 is expected to reflect a mix of enduring demand and gradual policy-driven shifts.

Bank of Canada Announcement – Mar 2, 2022

The Bank of Canada made its second interest rate...

Keep Navigating

Today Rates!

Claim Today’s Exclusive Rates

 

We will work on your behalf to place your mortgage with the lender that is the best fit for you, whether it’s a major bank or a private lender.

 

Related Posts

Pin It on Pinterest

Shares
Share This