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!!
If you’re a home builder in Waterloo ON looking for lenders willing to work with home builders we can help. As a home builder or developer in Waterloo ON it’s important to know that there’s financing solutions for home builders. While traditional banks are showing less and less interest in financing home builders and developers in Waterloo ON there’s alternative lenders that are filling in the gap and helping home builder with the much-needed construction financing. When it comes to using lenders for home builders in Waterloo ON our office uses private construction lenders that understand construction financing and understand that home builders can’t always provide proof of income or have pre-sales. Our construction financing solutions for home builders in Waterloo ON are more based on the equity in the project as opposed to credit ratings, cashflow or pre-sales.
Why choose our mortgage company for a home builder mortgages in Waterloo ON?
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 are competitive and they support many home builders and developers in Waterloo, ON. 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 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 Waterloo ON. The website is: www.ezconstructioncapital.com
Our mortgage office specializes in providing bad credit construction loans in Waterloo, 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:
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:
In Canada, a construction draw mortgage is a popular financing option for builders and developers. This type of mortgage loan releases funds to the borrower at different stages of the construction process.
Typically, a construction draw mortgage is divided into three draws:
During the construction period, the borrower pays interest only on the funds that have been drawn from the construction draw mortgage, not on the entire loan amount. However, the interest rate for a construction draw mortgage is generally higher than for a standard mortgage loan due to the higher risk associated with construction projects. The lender may also conduct inspections of the construction site to ensure that the work has been completed before releasing each draw.