Construction Mortgages
Typically used when the borrower is building a new home from the ground up, or doing major renovations (either through a professional builder or by yourself).
A construction mortgage depends on many different conditions. The type property you’re building, amount of construction required, how long construction will take - we’ll consider all of that.
Construction mortgages advances you the full amount of the mortgage, in stages, throughout the construction period. You can also get a construction mortgage that acts as a conventional mortgage.
1065 Canadian Place #116, Mississauga, ON L4W 0C2
647-868-5939
mortgagesagas@gmail.com
Rateshop.ca | ML#: 12733
Rohit Mohan, Mortgage Consultant
License No. M19002527