CTV Morning Live: Mortgage Minute June 12, 2018

When purchasing a home from traditional builder, buyers can go to the builder and pay a deposit and chose a home from the models and options they offer.

There are several financing options available when individuals decide they want to use a construction mortgage. Client that are interested will need to have a minimum of 20% down payment to purchase the lot and then additional available funds to start the construction process as lenders will release funds when the construction process gets to certain stages of development.

Check out the episode here.

Contact your Mortgage Broker for more information.