Purchase Plus Improvements Mortgage

Have you heard about a Purchase Plus Improvements Mortgage?

It's a really cool product! With this product you can add the cost of renovations onto your new mortgage when you buy a new home for as little as a 5% down payment. So if you buy a property and it needs new flooring, new carpet, some paint, a little TLC, and you only have enough money saved for the down payment, it's actually a program to help you to be able to do the renovations right away without having to wait and save the money to be able to do it on your own.

This program is really cool. I've honestly used it on most of my properties that I purchased. There's no extra fees, there's no increase in the interest rate. It's just a great program the lender offers you to help you to add value to your property right away, which the lenders are of course happy about. There's more to it.

So if you have any other questions, reach out to our team.

We're always happy to help.