PRE-CONSTRUCTION FINANCING
For many buyers, purchasing a brand-new home with all your customized choices from a builder, is a better and more attainable option to building a custom home from the ground up. However, you should know that although your new home might be a turn-key investment, you will need to have a proper financial plan.
Our AG Mortgage Team will make sure you know what’s going on every step of your way so that you can avoid any surprises about financing your new home.
You can rely on our experts every step of the way, including:
Financing
A seamless financing process through direct contact with your builder.
Financing resolutions
Providing financing resolutions for building improvements.
Advice
Straight talk advice on the available financing selections.
Guaranteed
Guaranteed interest rate and lock in a competitive rate when building your home.
Approval
Steady and rapid approval.
PROCEDURE OF BUYING HOME
REQUIRED DOCUMENTS FOR YOUR MORTGAGE
Current employment status and income amount as:
- Copy of current payroll.
- Proof of current electronic deposited pay.
- Associated Notice of Assessment (NOA) & T1 General.
- Additional income sources (if any).
- Prior employment status (if required).
- A List of your current assets and obligations.
- Bank account alongside transit number for payments.
- CIBC Pre-approved Mortgage Certificate (if valid).
- Statement of investments from within the latest 90 days or savings.
- Withdrawing an amount from RRSP through Homebuyer’s Plan (if valid).
- Gift letter.
- Copy of the sale agreement of a sold current asset.
- A copy of the real estate listing.
- A copy of the sale agreement and accepted purchase.
- Full address of the property (legal description and postal code).
- Tax estimates of the property, heating costs, and condo fees (commonly, you may find these details on the real estate listing).
- Well and septic certificate regarding rural properties.
- Lawyer’s full details (name – address – telephone and fax number – postal code).
Lending Partners
