Springtime brings a sense of renewal and opportunity, especially in the real estate market. However, with low inventory levels, finding your dream home might seem like a daunting task. But fear not, because there's a solution that allows you to turn a fixer-upper into the home of your dreams: Purchase Plus Improvement Mortgages.
Imagine walking into your new home and seeing fresh paint on the walls, stylish flooring under your feet, and a space that reflects your unique personality and lifestyle. With Purchase Plus improvements, this dream can become a reality without the worry of breaking the bank on major structural changes.
The process is straightforward: depending on your mortgage type, insurance, and chosen insurer, you can borrow 10 to 20% of the initial property value to cover renovation costs. This means you have the flexibility to make simple upgrades that fit your budget and preferences.
Here's how it works: your mortgage professional and lender will require quotes to verify the planned improvements, costs, and details. Once approved, the funds will be released when the renovations are complete, allowing you to seamlessly transform your new home into a personalized haven.
It's important to note that certain guidelines apply to different scenarios, but with the right support and guidance from our team of mortgage brokers and contract partners, navigating through the process becomes smooth sailing.
So why wait any longer to turn your dream home into a reality? With Purchase Plus Improvement Mortgages, you can unlock the potential of your future home and create a space that truly embodies your vision.
Don't settle for less when it comes to your home. Let us help you find your home sweet home and embark on the journey of homeownership with confidence. Reach out to us today and let's make your dream home a reality this spring.