Monday, March 25, 2013

Newsletter 25-Mar-13

Product Info - Refinance + Improvements
Similar to the purchase plus improvements in the way that this product allows you the privilege of borrowing money to do upgrades to your house.  This product is really good for people who have owned for a long time and just don't have the extra money to do some badly needed renovations or develop the basement. 
You can use the money to do the following;
  • Build a garage
  • Develop your basement
  • Put an addition on your house
  • Renovate and paint
  • Upgrade your kitchen
  • And much more...
This product is especially useful in situations where you cannot exceed 80% of your current properties value due to the lender's restrictions.  With this product you can refinance to 80% and then you can increase the mortgage to do renovations allowing you to go above the 80%.  In order to exceed the 80% value you need to be able to prove the renovations done will increase the value by enough to keep the mortgage at the 80% once done.
 
 
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Shawn Mooney

Bayfield Mortgage Professionals Ltd.
Mortgage Expert

Phone 403-945-8769
Toll Free 1-866-388-1838
Email:
mortgages@shawnmooney.com
Website:
www.shawnmooney.com
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