Construction or Build Mortgages

Letting Your Home's Equity Work for You

Are you in search of financing options to purchase land and build your dream home? Construction mortgages typically consist of three stages:

Land Acquisition Financing, which provides funds to purchase land and move on to the planning phase.
Construction Financing, which is usually broken down into several "draws" to fund the construction and completion of your dream home.
Take Out Financing, which is the final mortgage that replaces all Land Acquisition and Construction Financing. This leaves you with a traditional mortgage on the amount you need at that time, allowing you to plan your mortgage burning party!
Take Out Financing, which is the final mortgage that replaces all Land Acquisition and Construction Financing. This leaves you with a traditional mortgage on the amount you need at that time, allowing you to plan your mortgage burning party!

At Main Street Mortgages, we understand the nuances and preliminary work required to make your dream home a reality. This unique financing requires additional paperwork and pre-planning, which we are happy to help with. As experts in Construction mortgages, we work with several lenders across Canada who understand your goals and can help you achieve them.

Construction or Build Mortgages

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