In today's volatile economic climate, there is an increase of homes and buildings on the market that need significant repairs and improvements. Rehabilitation mortgages provide the additional funds that borrowers need to rehabilitate homes and buildings in order to get them on the market. Rehabilitation mortgages may be for more than the original asking price because the additional expenses that will go into repairing the property. Borrowers should not be discouraged when they see a property that requires extensive repairs because these types of innovative mortgages can provide supplemental funds for such repairs and improvements. Ideally, borrowers will get estimates of the total cost of repairs before applying for the mortgage. Lenders want an all-inclusive estimate that includes the cost of rehabilitation and property value as well. If borrowers find a rehabilitation home that interests them, they should simply inquire with a lender to determine what programs are available.