Purchase Plus Improvement

Purchase and Renovate with the Right Mortgage

The Perfect Mortgage to Buy, Improve, and Make It Yours

Miniature model house surrounded by Canadian currency, tools, and coins.

Is a Purchase and Improvement Mortgage Right for You?

A Purchase and Improvement Mortgage is ideal if you want to buy a property and start renovations immediately.

It allows you to combine the cost of the renovation with your mortgage, giving you one convenient payment with the same lender.

This way, you can transform your property into your dream home right from the start.

Schedule your free mortgage consultation

Man and woman in construction attire contemplating a house under construction inside a protective bubble, surrounded by tools and workers.

Buy and Renovate Your Dream Property

Transform an Older Home into Your Perfect Space

Unlock the Potential of Existing Properties

Investment Opportunities

Beyond New Builds:
- The perfect home isn’t always a new construction—existing properties with potential can offer great value.
Great Potential:
- Find homes that need some work to become your dream space, allowing for customization and personal touches.

Purchase and Improvement Mortgage

Comprehensive Financing

Dual Purpose:
- Finance both the purchase of the property and the necessary renovations in a single mortgage.
Streamlined Process:
- Simplify your financing by handling buying and renovating under one loan agreement.

Benefits of a Purchase and Improvement Mortgage

Cost Efficiency:
- Save time and money by consolidating financing needs into one mortgage.
Immediate Customization:
- Start making improvements from day one, transforming the property to suit your preferences.
Increased Property Value:
- Enhancing the property can significantly boost its market value, providing potential equity gains.

Steps to Transform Your Dream Property

Identify a Property with Potential:
- Look for homes with the structural integrity and location you desire but requiring cosmetic or functional upgrades.
Consult with Me:
- Let’s discuss your renovation plans and financial needs to find the best mortgage options for you.
Apply for a Purchase and Improvement Mortgage with Me:
- Submit a complete application covering both your property purchase and renovation plans.
Plan and Execute Renovations:
- Work with contractors and designers to create a renovation plan that maximizes the property’s potential.
Keep Renovations on Track:
- Work to complete renovations on time and within budget, keeping me informed along the way.
Enjoy Your Customized Home:
- Move into a home tailored to your tastes and needs, enjoying the satisfaction of transforming a property into your perfect space.

Why Choose a Purchase and Improvement Mortgage?

Flexibility:
- Adapt the mortgage to fit both your purchasing and renovation timelines.
Enhanced Control:
- Finance the renovation through your mortgage, ensuring it aligns with your financial plan.
Personal Satisfaction:
- Enjoy the process of creating a home that reflects your style and needs.

Benefits of Renovating an Older Home

Character and Charm:
- Older homes often feature unique architectural details and character that new builds may lack.
Customization:
- Tailor the home to your specific needs and preferences, making it uniquely yours.
Potential Equity Growth:
- Strategic renovations can significantly increase the property’s value, providing long-term financial benefits.

Summary

✔ Unlock value by purchasing a home with renovation potential.
✔ Finance seamlessly with a Purchase and Improvement Mortgage, covering both the purchase and renovation costs.
✔ Personalize your home from the start, creating a space that matches your style and needs.
✔ Boost equity by increasing the property’s value through thoughtful upgrades.

Explore purchase and renovation mortgages for your home

"Split image showing a dilapidated house on the left and a fully renovated home on the right, symbolizing transformation and renewal.

One Mortgage, One Payment

Streamline Your Financing for Both Purchase and Renovation

Simplify Your Mortgage Process

Unified Financing

Single Mortgage:
Combine financing for both purchasing and renovating your property into one streamlined mortgage.
One Easy Payment:
Manage your finances more efficiently with a single monthly payment, eliminating the hassle of multiple loans.

Steps to Secure a Purchase and Improvement Mortgage

Develop a Clear Renovation Plan
- Detailed Planning:
  Outline the specific renovations you want to complete in your new home.
- Project Scope:
  Define the scope of work to ensure all necessary improvements are covered.
Gather Contractor Quotes
- Comprehensive Quotes:
  Obtain detailed quotes from licensed contractors, including an itemized list of tasks and costs.
- Work Outline:
  Ensure each quote includes a clear outline of the specific work to be done, providing transparency for lenders.
Prepare Your Documentation
- Renovation Plans:
  Compile all renovation plans and contractor quotes to present to lenders.
- Financial Information:
  Gather proof of income, credit history, and details of existing debts.
Submit Your Mortgage Application
- Combined Financing:
  Apply for a Purchase and Improvement Mortgage to cover both your property purchase and renovation expenses.
- Expert Assistance:
  Partner with me to ensure every detail of your application is accurately presented.
Approval and Funding
- Dual Approval:
  Get approved for both property financing and renovation funds.
- Seamless Integration:
  Combine everything into one simple mortgage for streamlined financial management.

Benefits of a Purchase and Improvement Mortgage

1. Convenience

Single Loan:
Manage one mortgage instead of multiple loans, reducing administrative tasks.
Streamlined Payments:
Simplify budgeting and financial planning with one monthly payment.

2. Cost Savings

Lower Interest Rates:
Potentially secure better interest rates by consolidating your financing needs.
Reduced Fees:
Save on application and processing fees associated with separate loans.

3. Enhanced Flexibility

Customizable Terms:
Tailor mortgage terms to accommodate both purchase and renovation phases.
Immediate Renovations:
Start renovations right after purchase, moving into a customized home immediately.

Why Choose My Services for a Purchase and Improvement Mortgage?

1. Expert Guidance

Personalized Support:
Receive one-on-one assistance throughout the mortgage process.
Comprehensive Planning:
Benefit from expert advice to execute a successful mortgage and renovation plan.

2. Access to Multiple Lenders

Diverse Options:
Leverage my network of over 65 trusted lenders to find the best mortgage products.
Competitive Rates:
Access some of the lowest rates available, maximizing value from your mortgage.

Sliding Carousel of Lenders

3. Seamless Process

Efficient Management:
I handle all documentation and negotiations, ensuring a smooth process.
Stress-Free Experience:
Focus on renovations and moving into your dream home while I manage the logistics.

Summary

✔ Combine the purchase and renovation of your property into one convenient mortgage.
✔ Simplify your financing with a single monthly payment and reduce administrative fees.
✔Secure better interest rates and start renovations immediately after purchase.
✔Enjoy expert guidance and access to 65+ lenders for competitive rates and tailored solutions.

Simplify your financing with a single mortgage