QUICK ENQUIRY
AS YOUR LIFE EVOLVES
WE WILL BE THERE TO SUPPORT YOUR JOURNEY EVERY STEP OF THE WAY
Whether you are a first home buyer, investor or own an existing home, Dynamic Loans can provide you with a construction loans that is tailored to you. In order to apply and begin a construction loan, the following is required:
Once these documents are provided, lenders will base your approval on the value of your home, post build. During the building phase, the lender will make payments to the builder on your behalf. While this process occurs, the lender only requires that you pay the interest on amount drawn and paid to the builder, based upon a progress payment schedule. Once your home is finished, the loan is then required to be paid on a standard monthly principle and interest repayment. Inquire today with one of our experienced brokers to evaluate your options.
"We recently secured a very competitive loan for the construction of our new house. Although this took a lot of effort and ongoing involvement from Dynamic Loans, it was a smooth and enjoyable experience for us and we couldn't be happier!" - Frank
Working hand in hand with builders
Seamless process from start to finish
Handle progress payments on behalf of clients
Pre-construction assistance
Structuring of out of contract items