Construction Financing For Custom Home Building Construction Financing is advanced in draws; Rates begin at 8% Interest Only 1st mortgage Rates begin at 10% Interest Only 2nd mortgage Broker and Lender fees are usually around 4% of the loan amount. Present…
Video of a beautiful project in Oakville, ON. Location, Location, Location. Very important
Borrowers always want to know how long it takes to get financed. Here is how it typically works: • I will email an application to you; • If I think I can help you out I will send you a…
Investor Disclosure: First off there are different designations in Ontario for people licensed to deal in mortgages. There is a special document that needs to be signed by the lender for private money. It’s called Investor Disclosure. Mortgage agents are not…
https://www.youtube.com/watch?v=UhX8PVx82hE
Hello Everyone! I hope your enjoying our beautiful spring weather. I just want to share some quick information with you: Construction Financing is my Speciality. Please call me, I am happy to help out, answer any questions about 1st or 2nd mortgages for residential or…
The following issue is one of the biggest mistakes that borrowers make when dealing with a mortgage agent for private money rather than a principal broker: • You call up a mortgage agent who has no experience arranging private financing…
Loan to Cost is a ratio we use to determine the loan percentage or amount a lender is willing to finance based on the hard cost construction budget. Once the construction is completed the project will have a new value. …
I Finance Construction specialize in private lending: Your OK if your income is self declared, pension, self employed, contributory income from extended family, rental income; Your Loan to Value is ok up to 90% in the GTA on a case…
Beacon Scores range between Rejected to 900. 600 Beacon score is the mid range and is OK with some lenders. Banks will work with a 600 Beacon Score. What’s most important in your credit report is how well you are…