As a leading mortgage broker in Burlington, Ontario, it’s essential for me to keep updated on the latest mortgage trends and find fresh sources of creative inspiration while staying connected to other professionals.

Are you thinking of purchasing a house that needs an update, but don’t have enough dough to cover the renovations? If this is the predicament you’re in, a purchase plus improvements program (or a renovation mortgage) is just what you need. Purchase plus improvements are customized mortgage solutions that include your renovation expenses in the final mortgage amount. That means you can obtain funding to purchase the property of your dreams and funds to make the new tweaks you’ve imagined in the house.

Over the years, the mortgage requirements and lending rules have become stringent and more complicated for borrowers to comprehend. Therefore, while trying to secure suitable financing, clients often have a ton of questions about the process but find answers difficult to come by.

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