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Purchase plus Improvements

In an ideal world, we all would prefer living in a brand new house or an apartment. However, it’s not always possible to find a new place in the area of your interest, or in the price range, you can afford.

 

Also, the quality of buildings 10-15 years ago is not that bad, they are just a bit outdated… yellow walls, pink bathroom, green tiles, gray and stinky carpet. Yuck. 

 

But what if… what if you could do the renovation to make it look the way you want? White walls, beautiful light grey floor, brand new bathroom and kitchen…. Mmmm!

 

However, with our crazy high prices for real estate, it’s hard to find the funds for the renovation… especially if you are a first time home buyer.

 

We offer the following solution– to add the cost of renovation into the mortgage amount! We call it purchase plus improvement.

 

If you purchase a place that you want to do the renovation in, we can add up to $40K towards your mortgage. 

You need to put less than 20% down (so the mortgage should be insurable).

 

For example, you purchase an apartment for $400K and put 20K down payment. Your handyman friend gives you the estimate for the renovation as 30K; we will use that amount to add to the mortgage at mortgage rate and 25 years amortization. As soon as the renovation is done, you will get 30K, which you pay to your handyman and close any debts you made during the renovation process.

 

We are always happy to help.

 

 

Ipoteka Mortgage Offers The Lowest Mortgage Rates Possible for Home Purchase, Renewals, Refinancing, Construction etc.

We look forward to helping you!

Contact Us and Find Out What Options You Have, Anytime.

  1. Phone: +1 (778) 836-6461
  2. Email: iryna.rudavska@ipoteka.ca
  3. Fill out the Contact Form

Our Services are FREE and NO FEES or Obligations on Your End!

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Testimonials
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Getting a mortgage is a very stressful time. Iryna and Oleh provided exceptional service in answering all of our questions and making sure we felt comfortable with the decisions we made. They helped us in determining what we could afford and whether a fixed or variable rate was most suitable for us. They are extremely knowledgeable and professional and worked hard to get us into the home we really wanted. We couldn't be happier and would recommend Iryna and Oleh to ANYONE looking to buy a home. Thanks again
Sergey & Natalia
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I was so nervous! I wanted to make sure I have all the money ready on time - I know how hard it to get for the second purchase ? Thank you, Iryna. You are made of gold !! ?
Sabina
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Iryna, Thank you for your invaluable help! I realize that it was not an easy task and required a high degree of ingenuity. No doubt I saved your contacts for future uses and/or referrals. From sunny Manitoba (with a balmy temperature of -21C)
Alex
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From the beginning, I was impressed by her attendance to details and swift reply to any questions leading to a smooth acquisition of a new mortgage. Iryna’s natural capitalization on her vast experience let her path to becoming an independent mortgage broker. This turned out to be to my advantage while shopping for a very competitive mortgage rate during second house acquisition, and I found Iryna to be a great asset while facing the unknown territory of bridge financing within the new approval process. I would highly recommend Iryna’s services to anybody who is in need of a mortgage or any other financial services her company is offering, you will like the result, I know I did.
KK
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Hello Iryna, We would like to thank you and your team again for great job in achievement our goal. Your friendliness, professionalism and knowledge was a huge help in getting this new milestone. Your communication was as transparent as can be. We had some problems in understanding the process sometimes, but you guys always were patient enough to clear things up in a very transparent manner. You were always on top of things and always available for us to communicate. Your responses always appeared in a snap. We will recommend you to all of our friends and relatives in the future. We definitely will be in touch. Happy holidays!
Irina & Andrey
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When Iryna comes to mind, there is one word that stands out more than others that I can use to describe her and that is: Dedication. From the first consultation at her office to the latter stages of mortgage hunting, Iryna has been consistent and dedicated to finding Troy and myself the best possible mortgage suited for our lifestyle and financial needs. If you need her in the evening or early morning e-mails, Iryna is always available to meet your needs and is working hard to take care of you as if you were her own family. Troy and I have grown very fond of Iryna and feel blessed to have her in our corner. We couldn’t have come far in the journey of first-time home buying without her dedication.
Una
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