We deal with all kinds of construction mortgages, providing unique Builder financing programs to meet your all your needs. Whether you are a large scale builder building hundreds of houses a year, or a private builder who deals with custom homes, or an individual who is building a dream home, our home loans are well designed to meet your needs.
Our Calgary Mortgage Brokers provide excellent service including: Credit management; Annual customer planning session, speculative finance, draw mortgages, record inspections and much more… Our application process is simple and direct.
We deal with lenders who will finance new constructions on both pre-sold and speculative basis. In addition, front end fees or back-end fees are not required. Cancellation fees can be waived with certain mortgages. We also offer competitive rates and flexible draws.
Funds can be advanced on completion of every construction phase. No hold back required as long as proof of completion is provided.
Initial – 35% to 55% complete
Drywall – interior pre-completion
Completion – 100% complete
*further draws can also be arranged