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TIPS ON CONSTRUCTION LOAN REQUEST

CONSTRUCTION LIEN ACT

Are you aware of the contingency hold-back per draw? On construction loans, lenders will fund in increments and there is a mandatory 10% construction contingency hold-back on every draw which is given back to the borrower after 60 days. Some lenders may make an exception not to hold...

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TORONTO STAR READERS CHOICE WINNER

 

Toronto Star recognizes the top and popular businesses and professionals in the Greater Toronto Area through it's Readers’ Choice Awards.  Top professionals and businesses are recognized by the public opinion and votes.

After months of Toronto Star receiving thousands of public nominations and nearly 40,000 votes cast and counted in determining Toronto's...

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PROMO SECOND MORTGAGE RATE

PROMO RATE UNTIL OCTOBER 31, 2019

Private lending is a popular alternative to conventional lending due to the numerous advantages offered over bank-financing arrangements.  The lender and legal fee will be deducted on closing prior to advance. Appraisal fee must be paid upfront by the borrower.

CMFG is offering private second...

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