ot every buyer out there is looking for an immaculate, brand-new house that has never been lived in. In fact, anyone looking to live closer to the core in Calgary will most likely be mostly browsing through older homes and perhaps the odd infill. And although many of Calgary’s older properties have been lovingly maintained and updated over time, changes are almost always necessary in order to suit a buyer’s tastes and standards.
Mortgages By Candice can negotiate a Purchase Plus Improvements loan allowing you to qualify for up to 95 per cent of the cost of repairs or upgrades needed for your home.
A Purchase Plus Improvements Loan is a good option for those who have found a home they love, but that needs work immediately in order to fulfill their needs, as well as for those who simply can’t afford the full cost of major repairs at the moment. With this type of loan you can consider that attractive fixer-upper in the perfect neighbourhood. And lenders appreciate knowing that value is being added to the home, and that their loan is secure.