CTV News - Mortgage Minute April 16
Frank Napolitano of Mortgage Brokers Ottawa stops by CTV to talk to viewers about the purchase plus improvements mortgage.
Click here to watch the full video.
On this week's Mortgage Minute, Frank Napolitano takes some time to talk about the purchase plus improvements mortgage.
The purchase plus improvements program allows a borrower to purchase a property and include the cost of a home improvement that will improve the value of the home. In order to take advantage of purchase plus improvements, the buyer must obtain quotes for the desired improvement and submit them along with the mortgage application. This allows the purchaser to obtain financing for improvements at a lower cost than they may receive later on.
For more information on purchase plus improvements, talk to an Ottawa Mortgage Broker.