Construction Mortgages
415.655 CASH (2274)
Construction Mortgages: Get the Right Mortgage for The Right Project
A Construction Mortgage is generally an “all-in-one” construction loan. If you want to build a custom home or vacation property, Cashin Mortgages can help – from the land acquisition through to construction. We can even convert the amount you borrow into a variety of mortgages.
Qualified borrowers can access Conventional and CMHC/Genworth insured mortgage financing up to 95% of final completion (market value). When you qualify, you can secure financing for acquisition, construction, and a term mortgage (known as exit financing) all at once. From the building process through the term, a construction mortgage rates carries top interest rates and interest-only payments. A construction mortgage is specifically intended to finance the construction of a custom home or vacation property.
We have experience in all areas of construction finance:
Initial plans to completion
Self-Employed construction financing
Construction and rebuild programs
Exit (Term) mortgage conversion when property reaches 97% completion
If your bank is not providing the help you deserve with new home construction then let Cashin Mortgages provide a construction mortgage that will suit your needs. We have many flexible construction finance options that can get your new build completed with less stress and better draw downs than a bank offering. Cashin Mortgages has the experience to address your specific needs at your own pace.
Ready to take the next step? Book a call with us today and let’s discuss your financial goals. Your future starts now! Or, give us a call at 416.655.CASH (2274) directly for immediate assistance.
What is a Construction Mortgage?
A Construction Mortgage is a type of loan designed to finance the construction or renovation of a property.
How does a Construction Mortgage work?
Construction Mortgages disburse funds in instalments as construction milestones are met. Borrowers typically make interest-only payments during the construction phase and then transition to regular mortgage payments once the home is completed.
Ready to turn your construction or renovation dream into a reality?
Take the First Step Today!
