Purchase & Renovation
Have you been house hunting and just haven’t found that perfect dream home yet?
Perhaps one listing requires a kitchen makeover or that en-suite bathroom is out of date or you need to create a nanny suite in the basement.
A Purchase + Renovation Mortgage may be the perfect solution. Should you not have the funds immediately available to support your renovation then this type of mortgage can provide you with an additional $40,000, added to your mortgage, that can be directed towards your renovation.
The enhanced value of your home should be in-line with neighbourhood values and contractor quotes are required in advance. This is an ideal solution for financing a home renovation should your budget be tight.
Give me, Michael Pezzack, a call (416-850-2642) and let's discuss your unique circumstances. This is a popular form of mortgage these days and I am extremely familiar with the nuances of securing a Purchase + Renovation Mortgage.