Purchase Plus Improvements:

Published By: on March 10th, 2011 in Category Home Owners Hints, Nanaimo Real Estate News
Published By: on March 10th, 2011 in Category Home Owners Hints, Nanaimo Real Estate News

Did you know?

You can get include renovation costs in your mortgage to purchase a home. Paying off your renovation costs at mortgage interest rates can make buying a fixer-upper affordable. Talk to your mortgage provider about how to qualify for this option. It works like this:

You estimate the costs of improvements (up to 10% of the value of the house) and the future value of the house with the improvements.

You pay for the improvements out of a line of credit and when they are completed the house is reappraised to confirm that the improvements were made.

Then the remaining funds are released. You pay off your line of credit and the amount is added to your mortgage.

Testimonials

We had been planning a move from Calgary to Nanaimo for retirement purposes for a few years. Upon discovering Love Real Estate Group a relationship began. Over a period of time, with patience, professionalism, good humour and integrity, Love Real Estate Group helped us secure a home that met our needs and our wishes. We are happy to recommend Love Real Estate Group to anyone looking to buy a property in the Nanaimo area.

Diane and Tom Crawford

Love Real Estate Group proved an invaluable help when helping us through the maze of buying a new home, especially when for us it was our 1st home in a new country. No problem was too big and their fun approachable demeanours meant that the whole process was a lot less stressful than it might’ve otherwise been.

Julie & Stuart Ockelford