Why use Mortgage Guys?
- You can go to every bank one at a time or you can go to them all at once Mortgage Guys – one and done
- Apply online in minutes from the comfort of your home
- Rates as low as you go !
- Get unbiased expert advice with hundreds of options no single bank can provide
- Secure a rate hold for up to 120 days
- Fast we mean really fast service
- Save a ton of time and money with our pre-negotiated rates and terms
To obtain a construction loan, you simply need to consult with one of our brokers at Mortgage Guys. We will discuss your project, check your personal information and then help to secure the mortgage loan. We offer 1 or 2 unit residential property loans, perfect for single-detached or semi-detached dwellings. With our loan process, you will be given multiple advances so that you have assistance with the construction financing of your project during the build phase.
Appraisers Progress Report
An appraiser will provide a progress report at the completion of each stage which will release the next round of money for your construction process. We offer several options including builder, contractor and self-build financing. Our brokers will discuss the type of project you are planning with you and provide financing for as much as 95% LTV financing available. Homes that will have a value from $500,000 to $1 million will require a 10% deposit based on the amount above the $500,000 mark.
Easing Financial Strain
A construction loan works differently than a standard mortgage loan if you so choose. With our options at Mortgage Guys, you can choose to go with interest-only payments during the construction phase. This means you will be paying less while your home is being constructed. This can come in very handy if you have a monthly payment already on an older home or perhaps an apartment dwelling while your home is being built. We offer several options so that you can choose the right loan type for your personal needs.
Speak To A Broker Today
You can go to every bank one at a time or you can go to them all at once with one application why not be one and done– something no bank can do ! With exceptional service, expert advice we will save you thousands.
Our Mortgage Process Simplified.
At MortgageGuys.com we want to provide you with a stress-free mortgage experience.
- Pre Approval Consultation: Well discuss what your situation and needs are and provide the options with any pros and cons to each. From here you'll fill out an application online or in-person and upload the necessary documentation. Then you'll receive a pre-approval and budget so you can begin your search.
- Make An Offer On Your Home and Gather The Necessary Information: We’ll review and gather employment letters, pay stubs, and all necessary documents to make sure there are no surprises at the end.
- Select a Lender: Together we’ll review lender options and the type of loan that best suits you.
- Mortgage Loan Submission Mortgage Load Approval: We are notified of the approval and we then ensure with you any outstanding conditions are met prior to funding.
- Prepare Mortgage Documents: Your mortgage documents are completed and you can sign them from the comfort of your home or come in to sign.
- Mortgage Funding: Your mortgage funds are then transferred by wire to your lawyer on your closing date.
- Move in and love your new home – CONGRATULATIONS!