Looking To Mortgage Your New Home Build?
Move In With A Mortgage Built Just For You
Building a new home can take months. Our mortgage brokers keep an eye out for any potential rate drops to ensure you receive the best rate possible for your credit. We keep your needs in mind at every stage in the process so you can spend less time worrying about mortgage financing and more time enjoying your new home. Our goal is to provide our clients with the best rates available for their new home build mortgage. We customize our mortgage solutions to your financial situation and we're here to make your new home build mortgage a stress-free experience. Let us help you make the choice that's right for you.
As Mortgage Professionals, we help borrowers find the best options and rates that fit your needs with the best lender. We work with various lenders for every possible situation. Purchasing a new build can be rewarding. We have access to rates that can be held for 6-12 months. During the time of your build, if rates go up, you have the peace of mind knowing your rate has been held for the duration of the build.
Lender’s commitment for approval usually last for 120 days. If your new build exceeds this time frame, the lender will request for new income documentation and a new credit bureau to ensure your situation has not changed. As Mortgage Professionals, we recommend to hold off from financing any large purchases or leveraging your existing credit facilities during the construction of your new home. Any major changes could result in the loss of your approval.
Lenders need to ensure borrowers have saved up their down payment from traditional, non-borrowed sources. This will also show the client’s ability to save funds and their savings habits. If savings are coming from overseas, these funds will need to be in Canada for at least 30 days to be considered towards the down payment.
Building a new home is an exciting endeavour. From lot selection to choosing the architectural aspects of your home, a new home build is a large project. Our goal is to take the stress out of planning for your new home build mortgage. With connections to over 50 banks and lending institutions, our mortgage broker company can help you secure a great mortgage rate that makes move-in day that much better. Get the most out of your home with a custom new home build mortgage solution from our Calgary mortgage brokers. You're busy planning for your new home build. We can take care of the mortgage financing.
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