Home Improvement Mortgage and Rentals
There is different times that you can get this feature. When purchasing a home. We can add improvements to the purcahse price as purchase plus improvements. We could also refinance your home to take out the equity to improve your home. Improvements can be from a new water heater or furnace, to new cupboards and counter tops. Bascially an improvement can be anything that increases the value of your home but you can't take with you if you were to move.
This can be a great way to build your net worth or have a cash flow per month or investments at retirement. When you buy a rental property you do have to put down 20%. With all the mortgage rule changes there will be more people looking to rent nice homes until they can afford to buy their own.