allThe best rate we could find was 3.09% until we met with Jesse and he was able to get us a 5 year fixed rate for 2.84%. This mortgage package also allowed us to pay up to 20% (of the principle) in a lump sum every year without having any penalties. Thank you very much Jesse!!
Bad Credit Construction Financing in Ottawa, ON: How Our Mortgage Office Can Help you with bad credit construction financing in Ottawa, ON
Ottawa, Ontario is a growing city with a thriving economy, making it an attractive location for those looking to build a new home. However, for many people with bad credit, obtaining financing for a construction project can be a significant challenge. That's where our mortgage office comes in - we specialize in helping individuals or home builders with bad credit secure construction financing for their projects.
Understanding Bad Credit Construction Financing
First, it's essential to understand what bad credit construction financing is and how it differs from traditional construction financing. Bad credit construction financing is a type of loan that provides funding for a construction project when the borrower has a poor credit history. This type of construction financing is typically considered higher risk than traditional construction loans, which is why many banks and lenders are hesitant to provide funding for construction projects for those with bad credit.
One of the key differences between traditional construction financing and bad credit construction financing is that the latter puts more focus on the equity(security) rather than focusing on the credit, income or cashflow. As a result, the interest rates on bad credit construction financing are typically higher than traditional construction loans however the approval process and the construction draws are much easier and simple compared to traditional lending.
Why choose our mortgage office for your bad credit construction loan?
If you are tired of dealing with banks and not getting the financing support you need, we can offer you the best construction Loans. Our construction lenders in Ottawa, ON are competitive and they support many home builders and developers looking for reasonable construction financing. Our lenders also have advanced methods to quickly fast-track the approval process. As a bonus, our lenders do not have any credit score, income, or presale requirements.
If your project is denied financial support by the bank or if you want to complete more projects faster, we are at your service to help you. Call (888)878-4660 and chat with us for an expert opinion about your project.
We are confident that when you connect with us, we can help to remove all headaches and hassles to get you the money to start your construction or development project as soon as possible. If you have money problems for your profitable projects, we have construction financing solutions.
Feel free to visit our construction loan website which shows in more details our private construction lender solutions for home builders and developers in Ottawa ON. The website is: www.ezconstructioncapital.com
Our mortgage office specializes in providing bad credit construction loans in Ottawa, ON. We have years of experience working with individuals who have bad credit, and we understand the challenges that you may be facing.
When you choose our mortgage office for your bad credit construction loan, you can expect:
How Our Mortgage Office Can Help
At our mortgage office, we specialize in helping home builders and developers with bad credit secure construction financing in Ottawa, ON. We understand that obtaining financing for a construction project can be a significant challenge, especially for those with bad credit. That's why we work with a network of lenders to find the best construction financing for our clients.
Contact Us Today
If you're looking for bad credit construction financing in Ottawa, ON, our mortgage office can help. We specialize in helping individuals with bad credit secure home equity loans for construction projects. To learn more about how we can help, contact us today at (888)878-4660 or fill out the short form on the top left-hand side of our website. We look forward to helping you achieve your dream of building a new home in Ottawa, ON The website is: www.ezconstructioncapital.com
Below is a list of words that are associated with getting a construction loan. We are providing you the list along with their definitions to help you in your construction journey: