How to Include Renovation Costs When Buying a New Home
A purchase plus improvements mortgage allows you to add renovation costs to your mortgage.
When you’re looking for a new house, it can be hard to find a place that has exactly what you want. Sometimes a house may need some renovations, like a bathroom or kitchen update, adding a fence or fixing a deck, to make it the home you want. The good news is, the cost of renovating your new home can be rolled into your mortgage. We call this a purchase plus improvement mortgage.