Right at Home Realty Inc., Brokerage
1032 Brock Street S, Whitby ON
Unit 5&6, L1N 4L8
Direct Office: 905-665-2500
Can I get a mortgage to purchase a home?
Subject to qualification, yes. 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 GE 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.
Where the improvements are cosmetic, the mortgage loan insurance premium is unchanged from the standard schedule. Where the improvements are deemed to be structural, the mortgage loan insurance premium is increased by .50% over the standard schedule. For information on mortgage loan insurance premiums see high-ratio home mortgage financing.
6 THOMAS WOODLOCK ST, Clarington - $559,900
Ok So Where Do We Begin? Maybe W/The Upgrades! Cesar Stone Countertops, Marble Ribbon Backsplash, Extended Cabinets & Gorgeous Backyard. Less Than 5Yrs Old, This Stunning Bungaloft Features 9' Ceilings, Open Concept Kitchen O/L Great Room W/Gas Fp.