Construction Mortgage Loan/Mortgage Financing In Ontario

Fast , Easy, Flexible

From single custom houses up to $15 M projects

While some major banks provide loan for the construction purposes, yet, it is rigorous process. As a result, majority of experts in building and construction industry prefer the private construction financing since it is Fast, Easy and Flexible. Rather than Bank’s income verification approach, private lenders grant this loan based on the end value of the subject project so-called equity lending. With Construction Mortgage Loan, the money required to build the house is disburse to the homeowner as the construction progresses calling Progress Draw Mortgage. Generally speaking, the major banks have some limitation on the number of draws and draw schedules (money will be paid upon the completion of 35%, 60%, and 100%) while our lender are quite flexible in terms of advancing the loan and number of draws. The loan amount can go up to 75% of the end Value. Let us take a look at your project and customize a Mortgage Solution that suit your needs. Give us a call to discuss further!

Mass Mortgage Group provides Construction Mortgage Loans as well as Mortgage Financing Services to clients across Scarborough, North York, Toronto, Mississauga, Newmarket, Richmond Hill, Aurora, Burlington, Markham, and Brampton, Ontario.

Our Mortgage Services include: First & Second Private Mortgage | Construction Loans/Financing | Commercial Real Estate Loans | Self-Employed Mortgage | Home Equity Loans

Contact Mortgage Agents at MASS Mortgage Group Inc. for Construction Mortgage Loans/Mortgage Financing Services across Ontario >