If you need more funds when purchasing or refinancing with improvements
Increase to the market value of the property is limited to 10% of the property’s as-improved market value
v First Advance – based on the properties as is value up to 95% LTV
v Improved Value – up to 10% of the market value after improvements. Advance after the improvements are completed.
v Down Payment – Based on improved value minimum 5%.
Current market value $117,000
Acceptable as-improved market value of property $130,000
(i.e. maximum increase to market value = $130,000 x 10% = 13,000)
1st advance up to 95% of current market value, and subsequent advance up to 95% of as-improved market value.
Products available for improvements that exceed 10% of the property’s as improved market value.
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mailto:email@example.com?subject=Mississauga
Website : Mississauga4Sale.com
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