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My Mortgage Blog



 Looking for a home? Find the perfect home, location is great BUT it could use a kitchen upgrade and new flooring ☹️. We've got the solution for that, a PURCHASE PLUS IMPROVEMENT MORTGAGE. Add up to 20% of the purchase price (maximum $40,000) for home improvements.  With the Purchase plus improvements mortgage, clients can take advantage of making renovations to their home at a low cost.

 

Applications me be submitted up to 95% LTV utilizing the purchase plus improvements program

The following additional documents and criteria apply;


  • 20% of the initial value up to a max of $40K
  • Quote required with breakdown of improvements
  • Improvements under $15k, we require paid invoices / Receipts
  • Improvements over $15k, we require a client paid inspection report
  • Improvement funds are held in trust with the solicitor until proof of completion


Contact me today to find out how you can make any home into your dream home with MERIX Financial.

Call today for details 632-9800