Alberta is a fabulous province in Canada to live in, offering residents gorgeous landscapes and a plethora of activities to take advantage of. There are a number of great pockets of family neighborhoods, where families can settle down and raise a family. Whether you’re looking in Calgary, Medicine Hat, Lethbridge, Red Deer or any other part of the province, the options are plentiful.
Building a brand new home for you and your family can be an exciting and exhilarating experience. There are plenty of advantages to moving into a brand new house including building the home to suit your needs and tastes. You’ll have the advantage of choosing updated designs, the newest innovations and conveniences, better energy efficiency, and overall improved features.
The dream of many Canadians is to own real estate property in their very own dreams home. Many decisions will obviously go into building your new home, including dealing with the appropriate architects, builder, contractors, and other parties that need to be involved in the process of building your new home. But one of the major complications that Canadians may face when planning a new home are the financial challenges that are often associated with it. Many may not be aware of the various costs required to finish their home once they’ve purchased it from the builder, or after they have purchased the lot to build upon.
Essentially, when building a new home, you may fall into one of three categories:
Depending on your situation, your mortgage options may differ to accommodate the funds required to settle all finances.
For this reason, you need a team of financial experts, including an independent mortgage broker, to help you secure the new home construction mortgage you need to finance your dream house. With a seasoned mortgage broker, like Jim Black, AMP at Mortgage Loans Alberta, you’ll be able to rest easy knowing that all the complicated matters regarding your finances will be ironed out appropriately. Jim and his team come highly recommended with a great deal of in-depth knowledge regarding various mortgage options, including a new home construction mortgage. Get all the support you need, with explanations about all pertinent facts regarding your mortgage, including:
There are a number of options available to you regarding obtaining a mortgage for your newly constructed home, and you can get pre-approved to lock in a rate during the construction phase.