The real estate market in Canada has seen different periods over the years. And although ups and downs are possible in every real estate market, a great deal of those who bought a house or invested in real estate through the course of the last 10 years, saw their real estate investment grow steadily.
Many real estate investors looked for properties that needed some touch ups and renovated them to be sold for higher prices. This equity building method is one of the most common ways of making a money investing in houses; however, it usually required having an initial sum of money to pay for the home improvement you require.
Today, with our comfortable home renovation mortgage option (mortgage + improvement), you can buy a piece of real estate and receive money for renovating it as a part of your mortgage borrowing sum. Not only will this option allow you to have money for renovation, and putting more equity in your real estate investment (or your own home), it will also allow for lower monthly payments than any other source of personal financing.
If you decided the mortgage + improvement is the right choice for your real estate needs, Rita Tkach will guide you through the process of obtaining this special mortgage.
You have the ability to finance more than the purchase price of your home under this program. For example, if you are buying a house for $300,000 with 5% down, your mortgage is $285,000. You can receive up to $28,500 to finish your basement, replace the roof and windows, do some landscaping, change the kitchen or do any other kinds of home renovation that your real estate requires.
There are many added benefits to getting additional financing through your mortgage. To learn more about your options, please contact Rita Tkach today!