A construction mortgage is an all-in-one solution for building your dream home or vacation property. At Cashin Mortgages, we guide you through every step from land acquisition to construction completion and even help you convert your loan into a variety of long-term mortgage options once your project is finished.
Qualified borrowers can access Conventional and CMHC/Genworth insured mortgage financing for up to 95% of the property’s final market value. With a construction mortgage, you can secure funding for:
Land acquisition
Home or vacation property construction
Term mortgage (exit financing) after completion
During the construction phase, most construction mortgages offer interest-only payments at competitive rates, giving you flexibility and control over your cash flow while your home is being built.
Cashin Mortgages has extensive experience in all areas of construction finance, including:
Planning and building from initial designs to final completion
Self-employed construction financing
Construction and rebuild programs
Exit (term) mortgage conversion once your property reaches 97% completion
If your bank isn’t providing the support you need for your new build, we can help. Our flexible construction financing options allow for smoother drawdowns, less stress, and a mortgage plan tailored to your project and pace.
Ready to bring your dream home to life? Book a call with our licensed mortgage experts to discuss your goals, or call us directly at 416-655-CASH (2274) for immediate assistance.
With Cashin Mortgages, your construction project is in expert hands from start to finish.
A Construction Mortgage is a type of loan designed to finance the construction or renovation of a property.
Construction Mortgages disburse funds in instalments as construction milestones are met. Borrowers typically make interest-only payments during the construction phase and then transition to regular mortgage payments once the home is completed.
A construction mortgage is designed specifically for homeowners who want full control over their building project without the stress of managing multiple loans. Unlike traditional mortgages, construction loans provide flexible draw schedules, allowing you to access funds as needed throughout each stage of construction. This ensures you only pay interest on the amounts you use, helping you manage cash flow efficiently. Whether you’re building a custom home, vacation property, or undertaking a major renovation, our team at Cashin Mortgages works closely with you to structure a mortgage that fits your timeline, budget, and unique goals. With our expertise, you can move forward with confidence, knowing your financing will support your project from groundbreaking to move-in day.
Ready to turn your construction or renovation dream into a reality?