What is a construction mortgage and how to get one?
Wednesday, September 28, 2016 9:59
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Construction mortgages assist with the construction of a new home when a home is being built in stages and requires multiple advances of money over a period of time.
Ways to finance a new construction:
- Builder/Contractor
- Self-Built Home
- Buying a Newly Constructed Home
Construction mortgage financing options available in Toronto:
The mortgage financing options in Toronto for newly constructed homes have variations related to timelines and conversion. To know more about them, read:
http://www.canadalend.com/Blog/construction-mortgages-in-ontario/
