Our professionals are diligent when assisting homeowners to chose the best mortgage option to fit their unique situation, acquiring the best rates and terms.

Construction Mortgages

Self-Build Home – This option is available for when you build your own home.  You’re the contractor in charge of hiring sub-contractors to build your home.  Your mortgage options are a Progress Draw Mortgage or Completion Mortgage.  A Progress Draw Mortgage is paid in increments as the building job progresses which are usually in 3 draws subject to a Progress Inspection Report from an appraiser. A Completion Mortgage requires a down payment and is fully paid upon job completion after possession has been taken.

 

Buying from a Builder: This option is referred to as “Take Out” where this is a mortgage for a home, townhome or condo in the process of being built.  Buying from a builder relieves the stress of building the house yourself.  However, the buyer does get to assist with decision-making when it comes to the style, lot, etc.  When the home is completed & the final occupancy permit is in effect the builder requires the funds.

 

Multifamily: Our brokers specialize in mortgages for multifamily properties on undeveloped or shovel ready land for new townhome or condo housing projects in Lower Mainland.  The majority of the mortgages that we obtain are in Surrey, Langley, Richmond, Burnaby, Vancouver and West Vancouver.

 

We obtain loans from trusted lenders with the following terms and competitive rates:

  • Up to 65-75% on land purchase
  • 75% of hard and soft costs
  • Flexible draws
  • Interest-only payments
  • Terms of 12-18 months
  • Varying rates
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