Purchase Plus Improve
Found a great fixer-upper? A Purchase Plus Improve Mortgage allows you to include some renovation costs in your mortgage.

You start by arranging your mortgage for the initial purchase price. Then list your planned renovations and have an appraisal done to establish the increase in value resulting from your proposed improvements. The down payment and approval process is based on the projected value of the home once the renovations are complete.


Builder's
A Builder's Mortgage allows you to construct a home and pay for it in stages as it is being built.  With a Builder's Mortgage, the approval process, payment terms and down payment are based on the projected value of the completed home. An appraisal based on the home's blueprints and materials selection determines the lending value of the property.

Once construction is under way, you will be required to make regular monthly interest payments on the funds that have been advanced according to the payment schedule in your building contract. When construction is complete, the mortgage is fully advanced and regular principal and interest payments start.


Revenue Property
If you are considering purchasing a residential property for investment purposes, Assiniboine can help.

The conditions and features of mortgages for revenue properties vary somewhat from a mortgage on your place of residence. To qualify for a Revenue Property Mortgage, you must demonstrate that your personal financial situation and the income you will receive from owning the property will be sufficient to cover the taxes and payments. Factors such as the potential vacancy rate, cost of repairs and maintenance are considered.


Vacation Property
Whether you are looking for a small hideaway for those summer weekends or building your future retirement home, Assiniboine can help make this dream affordable.