Builders Mortgages | Financing The Construction of Your New Home

Building your dream home can be exciting but comes with it’s own set of financial challenges.  Qualifying for a Construction Loan to build a new home is very different than qualifying to buy an existing home.  Banks have strict guidelines when it comes to financing the construction of your custom home, including time-lines for the completion of the home, restrictions on loan amounts and lending only on existing values versus completed values.  This, however does not does not mean that there are not options.

It is imperative that from the very early stages, you work with a Mortgage Broker that understands the nuances of Builders Mortgages, so that  you can find the best solution for your needs.

If you are thinking of building your dream home, call our office to set up a meeting so that we can establish a plan and present you with all options available.

Just because your bank says no, it does not mean that it isn’t possible. Let us help you build your dream home.

Leo Marasovic

Broker of Record & Mortgage Gladiator

 

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