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Discover How a Purchase Plus Improvements Mortgage Can Work For you!

A Purchase Plus Improvements Mortgage lets you correct all those little imperfections your new home might have. It’s rare for a home to be “turn key” ready. There are always a few touches here and there that homeowners will want to add or change existing things in their new home. After all—isn’t that part of the fun of owning a new home?

Why should you choose GLM Mortgage Group?
“We Get You a Fast “YES” at the Sharpest Rate…Guaranteed”

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We will call you back in no later than 90 minutes and help determine the right mortgage fit for you.

What is a Purchase Plus Improvements Mortgage?

Often times, after securing a mortgage, paying out a down payment, closing costs, moving costs, etc. the idea of taking out a line of credit with a bank or having to finance renovations can seem unappealing and unrealistic. This is where a Purchase Plus Improvements Mortgage can help you!

With this type of mortgage, you can fine-tune your home to just the way you like, by using the funds included in the total amount you borrowed for your mortgage. You can upgrade the home immediately upon you moving into it, thereby creating your dream home.

Just how much could you obtain for home renovations? Providing that you meet all lender mortgage application qualifications, you may qualify for up to 20% of the purchase price or $40,000 (whichever is less) for improvements and upgrades that can be done to increase the overall value of the home.

  • Exceeded Our Expectations

    Our son-in-law and his wife recommended your company to us. We are so thankful that they suggested your…
    Vancouver Mortgage Broker Company to us. The content of information that you provided to us for our refinance was absolutely fantastic, couldn’t have been handled any better. We had a couple of glitches that came up but Wrenetta took care of them immediately and brought our stress level back down. I don’t think we have ever had such a smooth flowing experience in attaining a new mortgage. This experience exceeded our expectations. Paul & I are extremely overjoyed and blessed to have worked with this company and especially Wrenetta Sinclair. Wrenetta dealt with every problem immediately and every time I emailed her, I had a response with minutes. We highly recommend Geoff Lee and GLM MORTGAGE GROUP to anyone looking for finance/refinance. Thank you so very much.

    Paul & Betty Makarenko, Beeton Ontario

  • Beat Banks Rate Hands Down

    Geoff was awesome from the get go. Always answered any questions I had regarding the entire process whether… that was by email or phone. My mortgage was approved relatively easily and with a great rate. This mortgage broker beat my banks rate hands down. Thanks again Geoff and GLM. Would definitely use you guys again.

    Greg Wallace, Langley, BC

  • Geoff Knows What He Is Doing

    Geoff knows what he is doing! I met Geoff earlier this year and I have been extremely impressed with…
    his professionalism and dedication to his clients as a mortgage broker. If getting approved by the bank is challenging for you, Geoff can teach you what you need to do to get approved. He’s not about the sale, but helping people understand their options and teaching them what they need to do. If you like to get things done quick and painlessly Geoff at GLM Mortgage Group is your man!

    Rob Torrance, Langley BC

The process to qualify for a Purchase Plus Improvements Mortgage is:

  1. You must provide a list of planned improvements to the home. This should be a detailed list that not only includes the improvements themselves, but also quotes from service providers and quotes on materials at the time of the mortgage application.
  2. A lender will then value at the home based on the value of the aforementioned planned improvements. As this is the new amount that the lender is working with, the amount required for a down payment will be based on this revised number.
  3. Labour options to have the work completed on the home include hiring a company or contractor or you can also opt to do it yourself. Keep in mind that only the cost of materials, not voluntary work on the home by yourself, can be funded by the advance.
  4. When the work has been completed an inspection report will need to be formulated by a certified appraiser. This will confirm that the work meets all code requirements and standards.
  5. After the appraiser has confirmed the workmanship, the lender will approve the report and the lawyer/solicitor will be advised to release the funds. Any remaining funds from the advance (ex. If the improvements cost less than expected) are applied back against the mortgage.

There are also a few things to consider about this type of mortgage. The property value must be less than $1,000,000 to qualify for this type of mortgage. You must be able to put a minimum of 5% down payment towards the property. Also, this type of mortgage is only allowable for purchases with less than 20% down payment.

Purchase Plus Improvements Mortgages are a fantastic option in today’s market. It allows you to consider purchasing a fixer-upper and having the funds readily available to make the home your own, without having to take out an additional line of credit. If you are interested in this mortgage solution, it would be our pleasure to walk you through the process. You can also apply in minutes with our quick and easy online mortgage application!

What is the GLM Mortgage Group?

GLM Mortgage Group, powered by Dominion Lending Centres, is your Vancouver and Lower Mainland Mortgage Brokerage service. We are always ready to move forward with you to obtain the mortgage you need with the sharpest mortgage rate available. Whether it’s a fixed rate or variable rate mortgage you are after, we are dedicated to finding the best mortgage rates in Vancouver, including Home Loans, Consolidation Loans, Lines of Credit and more. No matter what you need, our team of Mortgage Specialists will follow through to find the best mortgage product that fits your individual circumstances. Our free online mortgage calculator keeps you informed on how much your mortgage payment will be as well as show how different mortgage rates will affect the mortgage you require.As your Vancouver mortgage broker, GLM Mortgage is committed to clear communication with our clients. We make sure you are informed on all the mortgage options available to you. We call you back within 90 minutes to make sure that you have the fastest service available.

We are not only available in Vancouver and the Lower Mainland, we are also available across Canada.GLM Mortgage Group is your Vancouver mortgage specialist. With over 22 years of experience in the investment industry we know how to wade through the challenging process of getting a mortgage. We provide smarter options to putting your mortgage in place. We know how important it is to have an experienced professional Mortgage Specialist available to walk through your mortgage experience and stay with you through to the very end.We get you a fast “YES” at the sharpest rate… guaranteed! Call us now so that you can get that mortgage you’ve been waiting for. We already have been working for you, making sure that you will have every option of a mortgage available to you. GLM Mortgage Group is on call for you!

Tools & Resources for Success!

Good Credit



GLM will help you to obtain and maintain good credit, which is critical for obtaining a mortgage. Our free Guide to Obtaining Good Credit outlines the steps required to quickly improve your credit.

Mortgage Calculator



When searching for a home, the first step is to determine what you can comfortably afford. Our free, easy-to-use mortgage calculator will help you determine the amount of your mortgage payments.

Mortgage Rates



GLM Mortgage Group always posts the best rates available anywhere. Our mortgage brokers have access to dozens of lenders, we’re able to find the best mortgage product and rate to match your unique needs.


 We work with you taking on even the most challenging cases turning a NO into a YES!