| Term | Bank Rate | Our Rate |
| 1 Year | 6.09 % | 5.19 % |
| 2 Year | 5.79 % | 5.19 % |
| 3 Year | 5.78 % | 4.89 % |
| 4 Year | 6.09 % | 4.64 % |
| 5 Year | 6.34 % | 4.59 % |
| 7 Year | 6.60 % | 5.59 % |
| 10 Year | 6.85 % | 5.29 % |
How to Get Money for Renovations When you Purchase One of the most common questions I receive from borrowers is, “can I get extra money with my mortgage for renovations?” The short answer is “yes,” but there are some restrictions, and the program is called “Purchase Plus Improvements.” The bank will not just hand you
I have received a few calls from my mortgage clients who are out there looking for their ideal home. They have found a home that will require renovations to bring it up to the standard they want. They want to know what their options are? There is an insured mortgage option called “Purchase Plus Improvements”.
