Purchase Plus Improvements Mortgage
Buy It, Renovate It, Love It.
At Shawn Mooney - Mortgage Architects, I specialize in Purchase Plus Improvements (PPI) mortgages—a powerful tool that allows you to see a home not for what it is, but for what it could be.
In a competitive market, finding the "perfect" home is rare. This program allows you to buy a property that needs work and finance the cost of those renovations directly into your mortgage, giving you the funds to create your dream home right from the start.
What is a Purchase Plus Improvements Mortgage?
A Purchase Plus Improvements Mortgage allows qualified borrowers to add the cost of immediate renovations—such as a new kitchen, flooring, or windows—to their total mortgage amount.
Instead of relying on high-interest credit cards or lines of credit after you move in, you can spread the cost of these upgrades over the life of your mortgage at a much lower interest rate.
The Benefits
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Single Payment Convenience: Combine your home purchase and renovation costs into one manageable mortgage payment.
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Immediate Value Creation: By upgrading a fixer-upper immediately, you often increase the property's market value beyond the total cost of the purchase plus renovations.
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Lower Interest Costs: Financing renovations through your mortgage is significantly cheaper than using unsecured personal loans or credit cards.
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Expand Your Options: Stop looking for the perfect home and start looking for a home with potential. This opens up more inventory in your price range.
Why Choose Shawn Mooney?
The PPI process requires strict coordination between you, the contractors, and the lender.
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Expert Guidance: With over 20 years of experience, I know exactly how to structure the contractor quotes and appraisals to ensure the lender approves the extra funds.
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Access to Multiple Lenders: I work with a wide range of lenders to find the best rates and terms for this specific program.
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Comprehensive Support: From reviewing contractor estimates to managing the release of funds upon completion, I guide you through every step.
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Mobile Service: Enjoy the convenience of having a mortgage broker come to you, with flexible hours to fit your schedule.
Quick Facts
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Free Consultation: We can discuss your project ideas and budget without any obligation.
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Lender-Paid Compensation: In most standard transactions, the lender pays my commission, meaning you receive expert advice at no direct cost.
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Best Rates: Access to the most competitive rates on the market.
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Alternative Solutions: If the property requires extensive structural work, I can also explore construction mortgage options.
Mortgage Tools & Calculators
Additional Resources
From the Blog:
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[Link] Transform Your Home Dreams into Reality: The Power of a Purchase Plus Improvements Mortgage
Contact Me Today
Ready to transform your new home?
Contact Shawn Mooney at Mortgage Architects to learn more about how a Purchase Plus Improvements Mortgage can help you achieve your renovation goals. Let me guide you through the process and ensure you get the best mortgage solution for your needs.
