The spring market is fast approaching! Are you thinking about selling? Let me give you up to $25,000 to put towards those renovations you’ve been putting off. Here is how it works! We meet and discuss renovations — YOU choose your own contractors! I loan you up to $25,000. The renovations help get TOP DOLLAR for your home and the money gets paid back at closing. No Interest. No Payments.
Fill out the form below and let’s get started!
Renovation Loan Program
- Maximum Loan: $ 25,000 interest-free for 90 days
- Sales rep to approve the contractor
- Payment made directly to contractor by salesrepresentative
- All renovations to be approved by the sales representative
- A promissory note and sellers direction to solicitor to besigned prior to any contracts or commencement ofrenovations
- Solicitor to acknowledge the direction
- Term of loan 90 days from the signing of renovationagreement
- Seller agrees to have solicitor register a 2nd mortgage forup to 12 months, interest-only upon the end of the 90days term loan
- The interest rate of 12 % per annum in the event the home isnot sold or if the seller removes the home from the market
- Commission rate to be 5 % plus HST
- The seller must list the home with the sales representative during theterm of the renovation loan or during the term of themortgage
- Standard mortgage terms to be signed by the homeowner atthe time of acknowledging the loan and mortgage commitment