I would really like to thank you Jesse for your help and guidance during my remortgage with you. Your professional advice and 7 day 24hr service is un touchable in this day and age. I was always scared to death thinking about a remortgage based on how most banks work and how they prolong the process, usually to the point that you are discouraged by the time it is completed, but with you Jesse, it was a walk in the park and very quickly completed and I will certainly reference any one I hear of that is thinking of a remortgage renewal. Most of all I want to thank you for all the cash that you freed up for me, with your great interest rate and terms you were able to save me more than $800.00 per month.
Thanks again!! Your help was much appreciated.
Construction Financing in Peterborough, ON
If you're thinking about building your dream home in Peterborough, ON, or if you’re a home builder looking for construction financing, we can help. In this guide, we'll cover everything you need to know about construction loans in Peterborough, including how they work, what you need to qualify, and where to find the best deals.
What is a Construction Financing?
A construction financing is a type of loan that is specifically designed to finance the construction for home builders and developers. Unlike traditional mortgages, construction financing are not paid out in a lump sum. Instead, they are disbursed in installments as the construction project progresses.
The disbursement schedule for construction financing is typically based on specific milestones, such as the completion of the foundation, framing, or roofing. The lender will inspect the construction site at each milestone to ensure that the work has been completed according to the plans and specifications. Sometimes the lender will be ok with simply receiving photos of the work when it’s complete or have an appraiser do a quick inspection to confirm that the improvements have been done
Construction loans usually have higher interest rates than traditional mortgages because they are considered riskier by lenders. The risk comes from the fact that construction projects can be delayed or go over budget, which can lead to the lender being stuck with an unfinished or unsellable property.
Our mortgage office specializes in helping home builders and developers in Peterborough ON obtain the financing they need for their construction projects. We work with a network of alternative construction lenders to find the best construction financing for their projects.
Why choose our mortgage office for your construction projects in Peterborough 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 in Peterborough, ON are competitive and they support many home builders and developers. 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 financing to start your 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 Peterborough ON. The website is: www.ezconstructioncapital.com
Our mortgage office specializes in providing construction financing in Peterborough, 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:
To get started, simply contact us at (888)878-4660 or fill out the short form on the top left-hand side of our website. One of our experienced mortgage agents will be in touch with you shortly to discuss your options and answer any questions you may have. 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: