Builder Mortgages

Builder Mortgages

Working hard to get you the best deal

This type of financing is for the construction of a new home. The two common types of mortgages available are “draw” or “completion”. A draw mortgage is when your mortgage finances the build and interest is paid on those draws during the construction period. Once the build is 100% complete, the loan becomes a standard mortgage. A “completion” mortgage is when the builder will finance the construction of the home to 100% completion and you only start making payments when the home is 100% complete. Qualifying for a construction loan might be a more tedious process because of the additional paperwork.

Why Work With Jackie Woodward - Edmonton Mortgage Broker?
  • Over 35 Years Of Experience
  • TMG Licensed Mortgage Broker
  • Not Tied To Any Specific Lender; Works With Many Lenders
  • Offering Competitive Mortgage Rates
  • No Charge For Typical Residential Mortgage Transactions Service
  • Good Client Communication & Prompt Response

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