You want to build a new home, but how will you get the funds to do so? A construction mortgage is the most common way people use of funding a building project, but a construction loan can sometimes be a challenge to get from a bank because of the high risk of lending on a home that’s incomplete. You can also typically expect that the down payment on a construction mortgage will be more, again due to the level of risk taken on by the lender.
If you’re considering getting a construction mortgage in Vancouver, get an experienced mortgage broker on your side to help you find the ideal lender for your unique situation. Rala Investments has many years of experience helping people from a variety of backgrounds find the right loan product. We work with traditional markets, as well as have access to a variety of private lenders, and we’ll talk with you to determine if a private lender makes sense for you.
To take steps toward securing construction mortgages in Vancouver, give Rala Investments a call today.
Rala Investments Ltd
1200 Lynn Valley Road Suite #301
North Vancouver, BC, V7J 2A2
Monday – Friday: 9:00 AM - 5:00 PM
North Vancouver mortgage broker proudly providing a variety of mortgages, loans, and other financial assistance to the following areas in the Lower Mainland:
North Vancouver | West Vancouver | Vancouver | Burnaby | Langley | Coquitlam | Delta | Surrey | Richmond | New Westminster | Port Moody | Maple Ridge | Abbotsford | Cloverdale