Mortgage Broker

Purchase Plus Improvements Mortgages in London, Ontario

Buy & Renovate Your Home With a Trusted Mortgage Broker in London, Ontario

Found a home with great potential but needs a few upgrades before it truly feels right? A Purchase plus Improvement Mortgage allows you to finance both the home purchase and renovation costs together under one mortgage solution.

Mike Boniferro is a trusted Mortgage Broker in London, Ontario helping home buyers secure Purchase Plus Improvement financing tailored to their goals, renovation plans, and budget. Whether you’re updating a fixer-upper, modernizing an older property, or creating a more functional living space, this mortgage solution can help make renovations more affordable from the beginning.

What You Can Expect

2018

Licensed Since

90+

Lender Options

5.0

Google reviews

A process built around communication, speed and service

What Is a Purchase Plus Improvement Mortgage?

A Purchase plus Improvement Mortgage combines the purchase price of a property and approved renovation costs into one mortgage. This allows home buyers to purchase a property and complete upgrades shortly after taking possession.

Mike Boniferro helps buyers across London, ON understand Purchase Plus Improvement financing clearly while guiding them through the mortgage and renovation approval process step by step.

Finance Your Purchase & Renovations Together

Combine eligible renovation costs directly into your mortgage financing rather than arranging separate borrowing later.

Improve the Home Before Settling In

Complete important renovations shortly after possession instead of delaying upgrades due to financing limitations.

Increase Long-Term Property Value

Strategic renovations may improve both functionality and future property value.

Benefits of a Purchase Plus Improvement Mortgage in London, Ontario

A Purchase Plus Improvement Mortgage can help buyers create a home that better fits their lifestyle, needs, and long-term goals.

One Convenient Mortgage Solution

Finance both the property purchase and approved renovations under one mortgage.

Fast access to renovation cost reimbursement

Start renovations shortly after closing, and access funds shortly after completing renovations. Funds for larger renovations can often be disbursed over multiple draws.

Customize Your Living Space

Transform the property into a home that matches your personal style and functional needs.

Potential Property Value Improvements

Renovations and upgrades may increase both comfort and long-term resale value.

Flexible Property Opportunities

This financing option may open opportunities to purchase homes that need cosmetic or functional improvements.

How a Purchase Plus Improvement Mortgage Works

The process is designed to help buyers finance renovations efficiently while purchasing their property.

Find the Right Property

Choose a home that fits your location, budget, and renovation goals.

Obtain Renovation Quotes

Licensed contractor quotes are gathered for the planned improvements.

Apply for Mortgage Financing

Your mortgage application includes both the purchase price and renovation estimates.

Mortgage Approval & Closing

Once approved, the property purchase closes normally while renovation funds are held back temporarily.

Complete the Renovations

Renovations are completed within the lender’s required timeline after possession.

Final Inspection & Fund Release

An inspection may confirm the completed work before remaining renovation funds are released.

Common Renovations Buyers Finance With Purchase Plus Improvement Mortgages

Purchase Plus Improvement financing can be used for a wide range of approved renovation projects.

Purchase Plus Improvement Mortgage Process With a London, Ontario Mortgage Broker

Buying and renovating a home should feel exciting — not overwhelming. Mike Boniferro helps guide you through every stage of the Purchase Plus Improvement process clearly and confidently.

Free Mortgage & Renovation Consultation

We discuss your home buying goals, renovation plans, budget, and financing options to determine whether a Purchase Plus Improvement Mortgage is the right fit for your situation.

Property Review & Renovation Quotes

Once you find a property, contractor quotes for the planned improvements are gathered and reviewed alongside your mortgage application and financial details.

Mortgage Approval & Renovation Funding

Your mortgage is structured to include both the home purchase price and approved renovation costs, helping simplify financing into one convenient mortgage solution.

Complete Renovations & Enjoy Your New Home

After closing, renovations are completed within the lender’s required timeline so you can move into a home that better matches your lifestyle, needs, and long-term goals.

Speak With a Mortgage Broker in London, Ontario About Renovation Financing

Your consultation includes

A quick consultation can help you better understand Purchase Plus Improvement mortgage options, renovation eligibility, and financing strategies before purchasing your home.

Mortgage Calculator

Why Home Buyers in London, Ontario Work With Mike Boniferro Mortgage Broker

Purchase Plus Improvement financing involves coordinating both mortgage approval and renovation planning. Working with an experienced Mortgage Broker helps simplify the process and reduce unnecessary stress.

Mike Boniferro helps buyers across London, Ontario structure mortgage solutions that align with renovation budgets, timelines, and long-term financial goals.

	Transparent communication	Clear explanations without confusing financial language.
	Fast responses when timing matters	Questions answered quickly so you can move confidently.
	Local Ontario market understanding	Support tailored to real buyers in London and surrounding areas.

Real Stories From Home Buyers

Trust matters when you’re making one of the biggest financial decisions of your life.

      EXCELLENT  
   Based on 80 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Comfort Creek Day Spa 
 
 
 
 Trustindex verifies that the original source of the review is Google. AMAZING!!!!!!!

Owner's reply
Thank you, Lyn! Congratulations on your new home!
  
 
      Posted on Google  
   
   Emily Marcellus 
 
 
 
 Trustindex verifies that the original source of the review is Google. We had an amazing experience working with Mike! From start to finish, he was incredibly helpful, knowledgeable, and responsive. He took the time to explain everything clearly, answer all of our questions, and made what could have been a very stressful process feel so much easier.

Mike was always available when we needed guidance and went above and beyond to ensure we understood our options and felt confident in our decisions.  We are very grateful for all of his hard work and would absolutely recommend him to anyone looking for a mortgage broker.

Owner's reply
Thank you so much for the wonderful review, Emily. We’re thrilled Mike made the process clear and stress-free and appreciate you highlighting his responsiveness and expertise. I’ll be sure to pass your kind words along to him. Thank you for recommending us — we’re here whenever you need guidance in the future.
  
 
      Posted on Google  
   
   Nergis 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great person, I recommend having him help you with houses

Owner's reply
Thank you so much for your kind words and recommendation, Nergis. I’m glad I could help with your home needs and appreciate your trust. If you or anyone you know needs assistance again, I’m always here to help.
  
 
      Posted on Google  
   
   Yoh Nathayong 
 
 
 
 Trustindex verifies that the original source of the review is Google. I've had the pleasure of partnering with Mike Boniferro and can confidently say he puts his clients first. He is responsive, knowledgeable, and genuinely invested in helping people achieve their homeownership goals. Clients regularly share positive feedback about his guidance, professionalism, and ability to make the mortgage process smooth and stress-free. Mike is someone you can trust to provide exceptional service from start to finish.

Owner's reply
Thank you, Yoh, for partnering with Mike Boniferro and sharing this wonderful feedback. We’re glad his responsiveness, expertise, and client-focused approach helped make the mortgage process smooth and stress-free. We appreciate your trust and look forward to supporting more clients together.
  
 
      Posted on Google  
   
   Kevin J 
 
 
 
 Trustindex verifies that the original source of the review is Google. Mike Boniferro was absolutely amazing to work with, especially as first-time homebuyers. He helped us through the entire process, including getting us approved, and made everything feel so much less stressful.

His communication was incredible — he was always quick to respond and was there whenever we had questions. You can genuinely tell he cares about his clients and wants the best for them. We couldn’t have asked for a better realtor and would 100% recommend Mike to anyone looking to buy a home! ⭐️ ⭐️ ⭐️ ⭐️ ⭐️

Owner's reply
Thank you so much for the glowing review and recommendation! We’re thrilled Mike made your first home-buying experience smooth and stress-free, and that his communication and care stood out. We’ll be sure to pass your kind words along to Mike. If you or anyone you know needs help in the future, we’d be honored to assist.
  
 
      Posted on Google  
   
   Jonathan Pimentel 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had an excellent experience working with Mike, especially considering how quickly we had to move. We were getting a mortgage for a flip with a fast 2 week close so timing was extremely important, and he was on the ball from start to finish.

His communication was outstanding—he was incredibly fast to respond, kept us updated throughout the process, and made sure nothing fell through the cracks. He was proactive, stayed ahead of everything, and helped keep the entire process moving quickly and smoothly.

He also has some great contacts and was able to connect us with the right people when needed.

I would absolutely recommend him to anyone looking for a mortgage broker who is responsive, well-connected, and gets things done. He made what could have been a stressful process feel easy.

Owner's reply
Thank you, Jonathan. We’re thrilled Mike and the team could deliver a fast two week close and make the process smooth and stress-free. We pride ourselves on quick communication and strong industry connections, so it’s great to hear those helped keep everything on track. We appreciate your recommendation and look forward to working with you on future projects.
  
 
      Posted on Google  
   
   Imad Khan 
 
 
 
 Trustindex verifies that the original source of the review is Google. Mike is a very knowledgeable, professional and highly dedicated mortgage broker. Not only he was honest from beginning to the end but was very prompt and responsive. He made the impossible, possible for me when facing a tight deadline. He definitely deserves 5 stars and beyond.

Owner's reply
Thank you, Imad, for your wonderful review and for recognizing Mike's professionalism, knowledge, and dedication. We're thrilled he could meet your tight deadline and that his honesty and responsiveness made the process smooth. We will be sure to pass your praise along to Mike — it means a lot to our team. We're here for any future mortgage needs.
  
 
      Posted on Google  
   
   Jacob Vilaca 
 
 
 
 Trustindex verifies that the original source of the review is Google. An effortless experience with Mike. He understood my needs and was able to help throughout the whole process! Very thorough, detailed and responsive. Cant say enough good things about my experience with Mike! My number one recommendation by far, hands down!

Owner's reply
Thank you, Jacob — we appreciate you taking the time to share your experience. We're glad Mike was able to make the process effortless, thorough, and responsive for you. Your recommendation means a lot and we look forward to helping you again in the future.
  
 
      Posted on Google  
   
   Tj Baker 
 
 
 
 Trustindex verifies that the original source of the review is Google. Mike has been amazing to work with he got the job done I’m a first time home buyer and I didn’t think I would get approved and he got the deal done and helped me every step of the way and I will forever be grateful for everything he did and I will be recommending him to all my family and friends that will be buying in the future thanks Mike

Owner's reply
Thank you so much, Tj, for your wonderful review and for trusting Mike with your first home purchase. We’re thrilled he could guide you through every step and get the deal done. Your recommendation to family and friends means a lot to us. Congratulations on your new home, and please reach out if you need anything in the future.
  
 
      Posted on Google  
   
   Sean Lannigan 
 
 
 
 Trustindex verifies that the original source of the review is Google. Hands down, the best mortgage broker you could possibly hire! His experience was absolutely invaluable throughout this process. Highly recommend!!

Owner's reply
Thank you so much, Sean! I'm thrilled to hear you had such a positive experience. I appreciate your kind words, your business, and your recommendation, it means a ton! Please reach out anytime you need, and congratulations on your new home!