Purchase Plus Improvements

In the News Purchase + Improvements There is a product available which I am sure most people don’t even know exists.  The product is called “Purchase plus improvements”.  This is a great product for people who are purchasing a new house and want to some upgrades and/or repairs. You can use the money to the following. Build a garage Develop your new basement Put an addition on your house Renovate and paint Upgrade your kitchen And much more Basically, with this mortgage product you can work the price of upgrades and / or repairs in to the mortgage when you purchase your new house.  A lot of times you will be searching for the perfect house, you will find it but find that it is missing something you feel you need like maybe a garage or basement development.  Lenders these days realize it is not feasible sometimes to do these upgrades after you buy the house so they have found a way to work it in to the mortgage. Supposing you found a house for $400,000 that needed a garage or basement development.  Let’s assume the garage or basement development was to cost $40,000 and it would increase the value of the house the same amount.  The purchase price to the vendor would be $400,000 but the mortgage amount would be based off of the purchase price plus the upgrades making it $440,000.  Your down payment amount for the mortgage would be based off of $440,000 for a minimum of 5%.  I would arrange the new mortgage based on this new amount.     I have arranged several of these types of mortgages and I know the ins and outs so please contact me with any questions you may have. Stay Connected with me; Follow me on Twitter https://twitter.com/shawnmooney1 Like my business on Facebook http://www.facebook.com/AlbertaMortgageExpert Add me as a friend on Facebook http://www.facebook.com/shawn.mooney1 Check out my Video Blogs on Youtube http://www.youtube.com/user/AltaMortgageExpert My Blog is available at http://www.shawnmooney.net   Do you have any friends, family or collegues that you feel could benefit from any of the services I offer?  Do you know anybody who would benefit from the information provided?  If so, I would appreciate it if you would share this email, pass it around.  Thanks so much.  Forward to a Friend Friend on Facebook   Follow on Twitter Forward to a Friend 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 Mobile Website www.shawnmooney.ca   Current Rates: Terms   Our Rates 1 Year   2.74% 2 Years   2.69% 3 Years   2.65% 4 Years   2.79% 5 Years   2.79% 7 Years   3.59% 10 Years   3.69% VIRM   2.55% The prime rate is 3.00% Different, lower rates may be available. Please contact me for details. Rates can change anytime. O.A.C. Some special conditions can apply, rate might be quick close or high ratio only.

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