Can I include home improvements into a mortgage?

Yes! Just like you qualify for a mortgage you must qualify for any additional loans taken out above and beyond the original mortgage. . In fact, even purchasers with 5% down may qualify to buy a home and make improvements to it. For high-ratio financing, both Canada Mortgage and Housing Corporation and Genworth Capital, insured mortgages are available to cover the purchase price of a home as well as an amount to pay for immediate major renovations or improvements that the purchaser may wish to make to the property. This option eliminates the need to finance the renovations or improvements separately. Some conditions apply.

For Further Information please contact Chris Matthey at www.knowmymortgage.com
Tel: 613-384-4000 or 613-384-4000 x243
Fax: 613-384-4047
Email: chris@knowmymortgage.com