It’s not always easy to find a property that fulfills all your requirements. Often, compromises need to be made, settling for a home that meets some but not all of your needs. However, if you’re unwilling to compromise and want a home that ticks every box, don’t worry. Building your own custom home is an option that allows you to create the perfect living space. To finance this endeavor, you’ll need to explore the realm of construction loans, providing the necessary funding for your dream home construction project.
A construction loan is exclusively used to pay for the price of new home construction. This covers the costs of buying land, hiring contractors, buying materials, and paying any permit fees. With a construction loan, the house must be fully constructed and an occupancy permit obtained within a year, making it a short-term loan.
When you apply for a construction loan, you’ll normally have to provide the necessary financial documentation, just like you would for any other loan, as well as a project proposal for the build that details the phases of the project and timetables for finishing each phase.
You can utilize a construction loan to pay for all of the expenses associated with building a house, such as the land, labor, supplies, and licenses. This approach is often followed when applying for a construction loan.
Single Home Construction refers to the process of building a standalone residential property. We understand that every property project is unique, which is why we provide alternative funding solutions, including refinancing options and asset-based loans.
With Quick Funding Corp by your side, you can borrow with confidence and make informed decisions about your investment. Trust us to navigate your first residential mortgage journey smoothly, allowing you to unlock the doors to your dream home or bolster your business ventures.
When it comes to venturing into Commercial Property Projects, securing financing is paramount to success. Our experienced consultants are here to guide you through the requirements, ensuring a solid foundation for your investment.
With Quick Funding’s Corp reliable financing solutions, you can explore a range of options, including refinancing, tapping into the value of your assets, and accessing alternative funding. Trust Quick Funding’s Corp to navigate your Commercial Property Project smoothly, providing you with the necessary loans and investment opportunities to achieve your goals.
Delve into the world of Sub-Division or High-Rise Constructions with Quick Funding Corp! Our comprehensive financing solutions offer prime mortgage options, laying the cornerstone for your property ownership journey. Our adept consultants will skillfully navigate you through the process, securing a primary lien on your property.
Embrace the possibilities of Sub-Division or High-Rise Constructions with Quick Funding Corp by your side. Secure your dream project with seamless financing and unlock the true value of your property investments.
Discover the power of Quick Funding’s Corp Conversion or Restoration Development solutions, designed to provide informative and reliable financing options for your property journey. Conversion or Restoration Development refers to the process of transforming existing properties into new uses or restoring them to their former glory.
At Quick Funding Corp, we offer more than just mortgages; our range of financing solutions allows you to explore refinancing options and tap into the value of your assets with confidence.
Construction loan lenders have standards that borrowers must follow in order to be eligible for the loan, just like with a regular mortgage. Lenders of construction loans often have requirements that must be fulfilled.
Interest rates on our construction loans are competitive, and we offer a variety of fee options to fit your needs. Origination fees, closing costs, and late payment fees may apply.
The collateral requirements for our construction loans vary depending on the loan amount and term. In general, we require the borrower to provide a first mortgage on the property being constructed.
In order to receive disbursements from our construction loans, the borrower must meet certain milestones, such as obtaining permits, completing certain stages of construction, and submitting progress reports.
Before we will disburse funds from our construction loans, the borrower must meet certain requirements, such as providing proof of insurance, obtaining a certificate of occupancy, and completing a final inspection.
If the borrower terminates a construction loan early, they may be subject to early termination penalties. These penalties may include prepayment penalties, late payment fees, or interest rate increases.
Our construction loans can be used to finance the construction of a new home, a commercial building, or other real estate project. Loan amounts up to $5 million are available, with terms of up to 30 years.
While browsing the listings in your selected market, if it doesn’t appear that your ideal home is available, the dream doesn’t have to come to a stop. One of the most enjoyable aspects of the house-buying process is imagining the ideal balance of location, style, and usability in a home, and it doesn’t have to be just a vision. With a range of financial support options, you can plan, construct, and equip the precise house you want.
Offer home equity loans that can help you if you want to remodel your present house but don’t think a renovation loan is the right choice for you, or if you finished building your new home and need long-term financing.
2810509 Ontario Corp. O\A Canadian Capital Financial Services (CCFS), Lic#13367; Chief Executive Officer: John (Adam) Watson, Lic# M21001051; Principal
Broker: Peter F. Holgate, Lic# M08001212; Mortgage Originator: Rick Gandhi, Lic# M220000716; Each office is independently owned and operated.
Address: 10 Kingsbridge Garden Circle, Ste. 803 Mississauga, ON L5R 3K7
