Buying a Newly Constructed Home? Get Mortgage Guidance From the Experts

Are you in the market to purchase a new home? Your best bet is to start off by narrowing down your price range in order for you to be sure that you can qualify for the new home mortgage Oakville or other area in Greater Toronto, that you need to finance your new property. Buying a new house is slightly different than purchasing a resale. Not only is the purchase process different, but so is the mortgage lending process.

Get the Guidance You Need

With all the mortgage products and packages available on the market these days, home buyers need the assistance and guidance of a seasoned professional to help them find the most affordable rate and the most convenient package and conditions for their particular situation.

Getting a mortgage for a house that you are either having custom built or are buying directly from the builder varies from other types of mortgages. Although new homes seem very attractive to many buyers because of their updated conveniences and modern design, many buyers fail to understand many of the hidden closing costs that can cost them a lot more when everything is said and done. After taking possession of the home, there are other things that will have to be financially covered, including lighting, fencing, window treatments, landscaping, and so forth.

Call the Experts in New Home Mortgages

For this reason, it’s in your best interests to get in touch with a mortgage broker who understands the mortgage process for new home builds. Mortgage brokers work for you – not the banks, to offer you expert, unbiased advice – at no cost to you! Lee Anne Taylor of Home Loans Ontario is a mortgage agent who has helped many home buyers purchase their new home. With Home Loans Ontario, they gather all information pertinent to your financial situation, get you pre-qualified so you know how much you can afford, secure a low interest mortgage rate to hold through the building phases and walk you through the entire mortgage process. Lee Anne makes sure you understand all the important facts, including closing and carrying costs, and can let you know your options for all your home loan needs – including a secured line of credit for all the finishing touches.

When you’re in the market to purchase a new home and need a new home mortgage Oakville, call Lee Anne at Home Loans Ontario at 905-336-8948 or visit her website: www.homeloansontario.ca

The Mortgage You Need For a Newly Constructed Home

There are plenty of advantages to building a new home for you and your family. New houses come equipped with the latest innovations and conveniences, they’ve got updated designed and features, they are much more energy efficient than older homes, and require much less maintenance for the first few years since everything is brand new. There are plenty of great neighborhoods throughout Alberta to build a new home in, like Calgary, Red Deer, Lethbridge and Medicine Hat. But before you put a shovel in the ground, one of the first things you need to think about is the financing you’ll require to have your home built and paid for. This is where a seasoned mortgage specialist comes into the picture.

Jim Black, AMP, is an independent mortgage specialist with years of experience helping Albertans secure mortgages for various types of properties, including a new build home mortgage. With the right team of professionals behind you, can make the process of obtaining a mortgage and making payments on your hew home much less stressful.  For instance, you can get pre-approved for a mortgage so you know how much you can afford to spend on the home.  Your interest rate can be locked in for the construction phase and you will have peace of mind for closing – knowing the financing is in place.

Finding the funds to pay for a new build is somewhat different than obtaining a conventional mortgage for a resale. With a newly constructed home, there are up to three potential loans associated with the property – one for the land, the construction phase, and the financing required for finishing touches (landscape, furniture, basement finishing) once the home has been fully built. Although this may seem complicated, it really isn’t, as your mortgage broker will deal with lenders who essentially combine all three loans into one mortgage.

Why Should You Choose Jim Black?

Jim runs Home Loans Alberta, which is a mortgage firm that is part of Dominion Lending Centres with lenders all across Canada.  Jim and his team have been assisting families in various communities across Alberta get the mortgage they need to buy a home. He is an accredited mortgage professional, and comes backed with plenty of experience in all sorts of branches of the mortgage field, including a new home mortgage. You’ll get personalized service form Jim and his team, helping you and explaining everything to you every step of the way.

When you’re considering building a newly constructed home, call Jim and his team today at (877) 394-9422 and see how they can help turn your dreams into reality.