Construction and Renovation Mortgage

Whether you're enhancing an existing property, constructing your ideal home from scratch, or exploring creative solutions, housing, renovation, and construction financing provides the flexibility and assistance necessary to bring your vision to life.

You can focus on your renovation or building project while we handle the financing.

Aerial view of a house under construction with wooden framing and trusses in various structural stages, surrounded by dirt and greenery.
Two construction workers, a man and a woman, wearing safety gear including helmets and yellow safety glasses, working together on a wooden structure at a construction site on a sunny day.

What is a Renovation/Construction Mortgage?

Renovation and construction financing offer homeowners and real estate investors the necessary financial support to renovate or build a new property.

Unlike conventional loans, these financing solutions are designed for significant property enhancements or new constructions.

Unlike traditional banks, which usually provide loans only after a project has been completed, our financing options are available to assist you throughout the process.

We understand that banks often shy away from lending during what they perceive as a “risky” phase, when renovations or new constructions are still in progress. However, our approach is distinct.

We offer funding during the renovation or construction phase, ensuring you can oversee and complete your project without delay and provide security.

  • Architectural blueprint with a wooden pencil and a ruler placed on top.

    No Payments During Construction

    Concentrate on your project without the stress of monthly payments while it's being built, enabling you to handle your budget more efficiently.

  • Two people with laptops, pens, and papers working on a project at a wooden table.

    Experience With Construction Lenders

    Our committed team specializing in construction and renovation lending has over 15 years of experience, ready to assist you in navigating the complexities of financing for your renovation and construction projects, ensuring you secure the best rates and terms available.

  • Living room with beige sofa, dark blue and patterned throw pillows, two side tables with lamps, green plants, blue vases, and abstract artwork on the wall, with two windows in the background.

    Upon Completion Better Rates

    After finishing the project, we assist you in obtaining mortgage options with lower interest rates, which will save you money over time.

  • Hand holding a key with a house-shaped keychain in front of staircase railing in a home.

    Custom Financing

    Select from customized financing options designed to meet your renovation or construction requirements. You have the flexibility to access funds as necessary and will only incur interest on the amount you utilize.

Bright living room with large windows showing a balcony and outdoor view, beige sofas with turquoise pillows, a fireplace, and a dining area with cream upholstered chairs.

Let Us Help You With The Best Mortgage Option!

Could a Renovation/Construction Mortgage work for you? Contact our experienced team to get answers, clarify your options, and make informed decisions. Click on the link below to get started with the Renovation/Construction Mortgage Strategy Plan.

Call Us:

(416) 943-9548

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 FAQs

  • Renovation and construction loans are versatile financial tools that can fund a variety of projects. These include home improvements, major renovations, the construction of new homes, property expansions, and even the development of row homes.

  • Eligibility for financing for renovations and construction typically hinges on aspects like the value and equity of your property, the extent of the project, and its geographical location. Our dedicated team will collaborate with you to evaluate your financial circumstances and project specifics to identify the most suitable options.

  • Absolutely! After finishing your renovation or construction project, you have the opportunity to refinance your loan for better terms, including a reduced interest rate. We are here to assist you in discovering the most advantageous refinancing options that will promote long-term savings and enhance your financial stability.

  • As you embark on the application process, it is essential to share information regarding your renovation or construction project, such as cost estimates, timelines, and your financial circumstances. Our dedicated team will assist you at every stage, from the initial application to obtaining the most favorable loan terms.