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Investment Home Financing
As the housing market continues to soar in value, many entrepreneurial minded individual’s see opportunity. Poorly maintained homes that are placed on the sellers market can be a great investment opportunity to earn a healthy profit in the short run. Whether you are looking to purchase a property to live in or if you are looking for a quick way to earn a profit by renovating the house and selling it on the market, allow CMI’s knowledgeable staff to assist you in the process.
Home Mortgage
From buying, to renovating, to refinancing, to debt Consolidations,
we do it all!
CMI has access to a professional database of real estate appraisers who will provide you with the right adjustments to secure you the highest selling price. CMI’s mortgage consultants are available to answer your questions and to offer our advice that comes from being involved in a variety of real estate renovation projects for over 30 years.
CMI offers all of its services for free and your mortgage transaction can be initiated and completed from your own office!
Flip + Reno Projects (Buy to sell)
Purchase + Improvements (Buy to hold)
Quick-Flip Renovation Projects
Entrepreneurs from all walks of life have been making fortunes over the past decade by renovating poorly kept homes and then placing the upgraded properties back on the market for resale. This type of scenario is often referred to as ‘house-flipping’ because the buyers hold the house for only a short period of time. House flipping often works best by using open mortgages, ensuring that the buyer will not pay penalties when they resell the property in a short period of time.
Once the necessary renovations are complete, our clients often will remarket the property within 60-90 days, after a substantial facelift of course! The improved properties are typically able to attract a much higher sale price and in a short timeframe, allowing the investor to roll their profits into the next project.
Using this technique, many investors are able to realize returns well in excess of 100% on their secured real estate investments on a per anum basis.
CMI is proficient in arranging financing that will include renovation capital, either on a draw-basis on in a lump sum where appropriate. On request, our team will arrange a mortgage based on the final “improved” value of the property instead of the purchase price, unlocking additional capital for our borrowers
CMI provides you with our insight to make your flip profitable by offering guidance to our clients as to how they can maximize the resale value of the property. Our experience in dealing with major renovation jobs and reconstructions are not limited to those involved in a single project; if you are interested in acquiring multiple properties simultaneously to obtain economies of scale from general contractors and suppliers, we can help.
Programs Offered:
- Standalone mortgages
- Open Credit Lines
- Alternative financing, bridge loans and blanket mortgages for the most complex financial situations
- Investment property loan
Rely on CMI to help maximize your profits and smooth out any financing wrinkles!
CMI has the lenders to provide you with the financing and the terms that you need to ensure that your project is smoothly executed and wildly profitable! Please contact CMI today for your free consultation and learn how our open mortgages can maximize your return on investment.
Purchase + Improvements Home Improvement Loans
Many buyers take a more casual and long term approach to home renovation projects. These individuals will often seek out a property that they believe requires some essential renovations and redecorating. While living in the newly aquired property, the necessary adjustments are made, often over a medium period of time, and done by the owners insead of using professional contractors. By providing the home with an aesthetic and functional overhaul, the owners will take advantage of the natural market increases as well as realize a healthy profit on the renovations completed over time.
When purchasing a house to make improvements to live in, there a few notable questions you should ask yourself in terms of what to renovate. Firstly, why are you renovating? There are a variety of reasons to do so. Maybe a child on the way requires that you adjust your current living space to better reflect the new realities of parenthood. Maybe you are repairing the ceiling in the living room, which requires immediate attention. Or perhaps, you aren’t comfortable with the current bathroom in the basement and would like to personalize it to your liking. Renovating is a more cost effective method to achieve your housing goals than purchasing a property that you cannot afford.
CMI provides our clients with the financing required to purchase the house and make the necessary renovations to make the property your ideal residence.
Programs Offered:
- Up to 95% financing plus the cost of the improvements, usually up to a maximum of 10% of the purchase price
- More comprehensive financing programs are available for projects that require major renovations. Please see our construction section for more details
CMI’s goal is to ensure that you are completely comfortable with the property and that you have the available capital to make the renovations. Contact CMI today for your free consultation and within 24 hours you will be one step closer to financing your next dream home.
Contact us today and ask one of our representatives about our investment home financing.
