Buy the home of your dreams! Have it renovated the way you want, and turn your dreams into reality, with a CMHC "Purchase Plus Improve" Mortgage.
How does it work?
1. When you have decided to make an offer on a house, make that offer conditional on getting an insured "Purchase Plus Improve" Mortgage.
2. Have a qualified contractor put together a written description and a cost estimate for the proposed repairs or renovations.
3. Take your "contactor's estimate" along with the "Offer to Purchase" to your mortgage agent/lender. The application will then be submitted to CMHC on your behalf.
Now you can purchase a home, renovate it the way you like and pay for it all in one mortgage payment at first mortgage rates. All of this can be done by putting down as little as 5% of the "as improved" value. Call Betty Talbot or Gidia Molinaro @ 905-937-2594 for additional information!
Mortgage Agent #M08000481
CENTUM Omni Mortgage Corp #10321
282 Geneva St.,
St. Catharines, ON