Construction Mortgage

By: MII Mortgage Group  21-07-2014
Keywords: Construction Loans, Construction Financing, Construction Mortgage

Building a new home in Regina can be complicated and there are a number of different financing options available to you. If you are dealing with a major builder, typically they will carry the financing for you throughout construction and you simply need a completion mortgage once the home is complete. If the builder is not willing to carry the financing you may be required to acquire a progress draw mortgage. A progress draw mortgage will advance money in intervals as the house is being built.

Keywords: Construction Financing, Construction Loans, Construction Mortgage, draw mortgage

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