A complete financing solution
If you can’t find the right home, you might be thinking about how much it will cost to build a new one or renovate the current house. The process of borrowing the money to pay for this project is different from getting a mortgage to move into an existing property. Construction loans are available to finance such events.
A home construction loan is a short-term, higher-interest fund that provides the finance required to build a residential property. Construction loans typically are one year. During this time, the property must be built, and a certificate of occupancy should be issued.
A home construction loan is a short-term, higher-interest fund that provides the finance required to build a residential property.
Construction loans usually have uneven rates with the prime rate. Their rates are typically higher than traditional mortgage loan charges.
The cost of the site, labour, building material used during construction, and permits.
Simply tell us a little about your business and we’ll be in touch to talk through
possible solutions tailored specifically to you
Simply us a little about your business and we’ll be in touch to talk through
possible solutions tailored specifically to you.
As a new start-up developer, with a clear focus on delivering high-quality, contemporary homes that support the drive to mitigate climate change we have been extremely well-supported by [Finspace], as we looked to navigate the wealth of finance options out there in the market.
Despite all the complexities, (Finspace) were able to secure a lender to enable us to commence our project immediately.
The line of communication is always open regardless of the day, night, or weekend, valuing the client’s needs over and above everything else. We are looking to do another project (with Finspace) and we have no hesitation in commending them.
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