Comox BC, has allowed home owners to put in a secondary suite into their detached single family homes.
What are the benefits of this:
- families that could not afford a mortgage will now have help in paying their mortgage
-seniors who want to stay in their home will have increase income.
-affordable rent for seniors
-affordable rent for small families
The Comox Valley is notorious for low wages. This will help as rents will be more in line with the low wages.
There are rules to follow to make your house into 2 suites, but as long as you follow those rules you will be able to get help in paying your mortgage by having renters in part of your home.
For mortgage options:
1. Purchase Plus Improvements-- you want to buy a home in Comox and you want to build a secondary suite. This program will allow you to borrow 10% of the purchase price up to a maximum of $40,000.00 to do the additional upgrades to make your home 2 suites.
2. Refinance Plus Improvements- If you have equity in your home but do not have the cash to do the improvements to make your home into 2 suites. You can refinance your home to do the improvements.
Both of these programs offer the same low interest rate as a mortgage. This way you do not have to deal with expensive credit cards or lines of credit.
For more information give me a call or email .
www.KROEMERmortgages.com
Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
1.250.650.4182
akroemer@mortgagegroup.com
www.KroemerMortgages.com
Your Mobile Mortgage Professional in The Comox Valley
