Axis Mortgage Inc.
Construction Mortgages in Alberta
Building a home can require financing that advances funds in stages as construction progresses. Learn what to expect when planning construction financing in Alberta.
Understanding your options
Progress draws
Progress draws can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Appraisals and inspections
Appraisals and inspections can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Land and existing equity
Land and existing equity can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Builder and project documentation
Builder and project documentation can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Budget contingencies
Budget contingencies can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
A mortgage should fit the bigger picture
The lowest advertised rate is not always the only consideration. Prepayment terms, lender fees, penalties, qualification rules and your longer-term plans can all matter. I can help you compare available solutions and understand the terms before you decide.
Serving clients across Alberta. Salvatore Forte is a Mortgage Planner with Axis Mortgage Inc.
Frequently asked questions
Can I find out what options may be available before applying?
Yes. A conversation about your goals, property, income, credit and available equity or down payment can help identify which lender categories may be worth exploring.
Does every lender use the same rules?
No. Mortgage qualification, documentation, property requirements, rates and fees can vary by lender and product.
Will I automatically qualify?
No. Mortgage approval is subject to lender criteria, verification of the application and the property. The goal is to identify realistic options and explain the trade-offs.
Want to discuss your mortgage options?
Tell me what you are trying to accomplish and I’ll help you understand possible next steps.
Contact Sal