New Beginnings, New Possibilities.
A place you get to call home and a place to grow.
If you're considering purchasing a newly constructed home, navigating the process of financing can be both exciting and daunting. Fortunately, I will be here to guide you every step of the way. Let's explore what new build mortgages entail and how they can help you achieve your homeownership dreams.
What are New Build Mortgages? New build mortgages, also known as construction mortgages or progress draw mortgages, are specifically designed to finance the construction or purchase of a newly built home. Unlike traditional mortgages, where the entire loan amount is disbursed upfront, new build mortgages provide financing in stages or "draws" as the construction progresses. This staged disbursement ensures that funds are released as needed to cover the costs of construction and materials.
Benefits of New Build Mortgages:
Tailored Financing: New build mortgages offer flexibility in financing, allowing you to tailor the loan terms to fit the unique requirements of your construction project.
Interest-Only Payments: During the construction phase, you may have the option to make interest-only payments on the portion of the loan that has been disbursed, providing financial flexibility until your home is complete.
Competitive Rates: With new build mortgages, you can take advantage of competitive interest rates and terms offered by my lenders, ensuring that you secure financing that meets your budgetary needs.
Streamlined Process: I will guide you through the entire process, from pre-approval to final disbursement, ensuring a smooth and efficient experience from start to finish.
Whether you're building your dream home from the ground up or purchasing a newly constructed property, I will be your partner in achieving homeownership success. Contact me today to learn more about our new build mortgage solutions and how we can help you turn your vision into reality.