CMHC Purchase Plus Improvements Program

THE CMHC Mortgage Plus Improvements Mortgage

Buy a home, do the renovations you want and pay for it all with one mortgage and as little as 5 % down

Wouldn't it be nice if it were possible to buy that "fixer upper" at a great price, immediately have it renovated into your dream home, and do it all with one manageable mortgage and minimum down payment.

It is possible with a CMHC "Purchase Plus Improvements" Mortgage.

Canada Mortgage and Housing Corporation (CMHC) insured mortgage loans are available to cover the purchase price of a home as well as an amount to pay for immediate major renovations or other improvements that the purchaser may wish to make to the property. This program is like a magic wand, to convert a home, any home in your dream home in no time. This program eliminates the need to obtain secondary financing after the purchase to pay for improvements. The home buyer obtains a single first mortgage, makes a single mortgage payment, and benefits from first mortgage interest rates.

This second is scheduled for November 04, 2010

When: November 04, 2010 starting at 6:30 PM

Where: 1052 Kingston Road, at out Royal LePage Brokerage office.

Speakers:

Anthony Adrien, BA, AMP, Regional Account Manager, Canada Mortgage & Housing Corp.
Anthony will provide insight on household energy usage in Canada, on consumer interest in energy efficiency, and on CMHC`s flexibilities for energy efficient housing. This presentation also exhibits several CMHC publications available for clients interested in purchasing energy efficient homes or retrofitting existing homes.
http://www.cmhc.ca/en/co/moloin/moloin_008.cfm