Why don’t I just borrow money for my renovation from a separate source?
You can and more then welcome too. However the benefit of the Purchase Plus Improvements mortgage is you get an incredibly low mortgage rate PLUS a low renovation loan “All in One”. You will not find any Home equity, line of credit, personal loan, or credit card that comes close to saving you this much interest.
Kyle Wilson is a Mortgage Broker and CEO of Pragmatic Developments Inc. Living in Kelowna British Columbia. His passion is finance, budgeting, technology, and educating clients on innovative tools and resources to create an efficient and stable financial environment. Go to pragmatic.onl and contact him for financing and business development advice!