How would you like to build the home of your dreams on land you already own? Or how about making major renovations or additions to your existing house?

Then you should talk to me about getting a Construction Mortgage so that you can draw funds on a progress advance basis in stages as you need it. Now your dream can come true!

If you own your land and would like to build, then a Construction Mortgage may be right for you. For Fixed Rate and Closed Variable Rate mortgages, the rate is even guaranteed for 90 days from the date of the mortgage application. So you can arrange your mortgage and then as long as you take the first advance within the 90 day period, your rate is guaranteed! You can even get your choice of a conventional mortgage of up to 75% or NHA/Genworth mortgage of up to 95% if you are a qualified customer.

One of the best things about the Construction Mortgage is that payments are interest only during the construction period. You only begin repayment of the principal when your home is complete.

There are so many benefits to taking out a Construction Mortgage. You simply must meet with me as soon as possible so that I can go over all of them with you. 

If you have that piece of land that is just waiting for a house, now you can take advantage of competitive rates and get ready to build. 

If you’ve always wanted to have the flexibility and freedom to build your dream home yourself, now is the time. 

Don’t wait a minute longer. 

Give me a call today and start building!

  

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CONNIE LAFOREST
Residential Mortgage Specialist
RBC Royal Bank of Canada
Phone: 705-969-3796
Fax: 705-969-1492
Cell: 705-677-6379
 
connie.laforest@rbc.com