Skip to main content
BlogConstruction Loans

Custom Home Construction Financing Tips  

By May 31, 2024No Comments

Look no further if you need a commercial mortgage broker with a proven custom home construction financing track record. We are experts in various financing solutions, specializing in construction mortgages, commercial financing, and land financing across the GTA and other areas.

What sets us apart from the competition is our commitment to providing tailored solutions that perfectly match your unique needs for construction loans. We are happy to share tips on preparing all necessary documentation, including contractor agreements, timelines, and project plans.

Payment Schedule

Understanding the payment schedule is another important aspect of custom home construction financing. As a commercial mortgage broker, we always suggest that people create a project timeline that details start and end dates. Allocating the money appropriately to have milestones with corresponding completion dates for the payment schedule is essential.

Custom home construction financing must also clearly define each construction phase, including electrical plumbing, framing, roofing, and, of course, the foundation.

The payment schedule needs to start with the initial deposit in detail and be drawn up with a schedule that breaks down the amounts and percentage of money allocated to each step.

Boutique Mortgage Broker

OMJ Mortgage Capital is a boutique mortgage broker company operating in the greater Toronto area. We can help with various requirements, including custom home construction financing. Contact us today, and remember to ask about our outstanding record of successfully funding loans for diverse property types.

 

Our team has exceptional previous banking experience and years of mortgage industry know-how. Our priority is always to surpass client expectations while helping each one of our valued customers achieve their financial goals.

 

Why not meet with one of our custom home construction experts today? We are looking forward to helping you get the money for your next project, whether you’re looking to start a commercial or residential building.