A construction mortgage advances you the full amount of the mortgage, in stages, throughout the construction (or major renovations) of your home. You can also get a construction mortgage that acts as a conventional mortgage with additional funds for minor improvements.
Rates and terms for construction mortgages
The type of mortgage you get, as well as your rate and term, will depend on many things. The type of property you’re building, the amount of construction required, how long construction will take - we’ll consider all of that. Come talk to us and we can help figure out exactly what you need.