Did you know you can purchase that fixer upper home and bundle in the funds required to do the improvements? You can turn that fixer upper into your dream home without having to either run up your credit cards to do it or wait (perhaps a long time) to save up the money to it.
The “as-improved” value is used to determine the maximum mortgage amount. Down payment requirements are based on the “as-improved” value of the property.
This can be a great way to get your dream home and add value to the home right away. Win-win!
Check out the video on our website: www.yourapprovedmortgages.ca
Call us anytime to discuss how this program could work for you! We are always here to help!
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