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

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

My wife and I bought a house through Love Real Estate Group and we are very happy with the entire process. They are thorough, honest, diligent and hard working. It was easy to discuss various options with them and we felt comfortable at all times working with them. We’ve since recommended them to friends and will continue to do so.

Martin and Apple McGeough