Mortgage Edge Dan (Tasos) Efstatheu Woodstock / Residential and Commercial
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GET STARTED ON YOUR
Purchase Plus Improvements Program 

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Purchase Plus Improvements Program                                      

Borrow up to an additional $60,000 to renovate your home, even if you have less than 20 percent down!

APPLY FOR PURCHASE PLUS IMPROVEMENTS MORTGAGE
Purchase Plus Improvements Program: Fund The Cost Of Renovations With Less Than 20 Percent Down
If you are looking to get into your new home or condo but need some work done, the purchase plus improvements mortgage might be just the solution. It allows buyers to borrow up to $60,000 that they can spend on renovations to be completed within the first 90 days of moving into their home. 

Here's how the program works:

Even if you have less than a 20 percent down payment, you could still qualify for the additional funds. Let's say you are approved for the maximum "purchase-plus improvement" amount of $60,000. In this case, you will have to front the costs of renovations, and then once completed within 90 days of moving in–and verified by a home inspection – your real estate lawyer will release the funds to you. Your total mortgage loan will now include the $60,000 that was given to you for the renovations! 

The "Purchase-Plus Improvement" program is an excellent option for those borrowers who want to renovate their home, but don't have more than a 20 percent down payment or don't have additional funds to renovate, and want to borrow them at the lowest interest rate possible. 


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 Tasos (Dan) Efstatheu 
License # MO8006633 | Mortgage Edge License #10680 
​Email: dan@mortgageedge.ca
Email: info@firstratemortgages.ca
​​MAIN: (519) 533-7448
Office: (519) 290-2130
​110 Chippewa Cres
Woodstock, ON N4T 1A1
 
Photo used under Creative Commons from emily.dowdle
  • Home
  • About Dan
  • About Mortgage Edge
  • Testimonials
  • Apply Now Online
  • Mortgage Services & News
  • Purchase & Purchase Plus Improvements Program
  • Mortgage Financing for Investment Property Or A Second Home
  • First Time Home Buyer Programs
  • Mortgage Refinance
  • Mortgage Renewal
  • Mortgage For Self Employed
  • Brochure / Dan Efstatheu
  • Mortgage Pre-Approval
  • Alternative Financing/Bruised Credit
  • Cash-Back Mortgages
  • Downpayment
  • New to Canada Mortgage Programs
  • Home Equity Line of Credit
  • Bridge Funds
  • What are Debt Service Ratios
  • Apply Now Online
  • Mortgage Switch/Transfer
  • Link For Home Buyers
  • Commercial Mortgage Services