Blog tagged as Purchase Plus Improvement

Mortgage renewals let you reassess your rate, terms, and lender. Start 4–6 months early to compare offers, explore savings, and ensure your mortgage still fits your goals.

GDS and TDS ratios determine whether you can afford a mortgage. Learn how they’re calculated, the stress test rules, and the max limits lenders use.

A down payment is your upfront contribution toward a home purchase. Learn minimum requirements, how they’re calculated, funding options, and why a larger down payment reduces borrowing costs.

A Purchase Plus Improvements mortgage lets you finance a home and renovations in one loan. Learn how quotes, fund releases, lender rules, and risks work.