Construction Loans Cambridge – Expert Mortgage

If you are a large scale construction professional that develops hundreds of homes per year, or you are wanting to build or renovate your own home; Expert Mortgage can set you up with construction loans in Cambridge that suit your individual needs. Construction loans in Cambridge can take along time to get approval, but not with Expert Mortgage! We can get you approved quickly, often within 24 hours, which will allow you to start your project immediately! With a range of competitive construction rates and flexible draw schedules we can provide the construction loans in Cambridge that you are looking for.

Construction loans in Cambridge are typically short term with a maximum of one year. Unlike variable mortgages where rates move up and down with the prime rate, construction loans are usually a fixed rate for a short period of time. The rates on this type of loan may be higher than rates on permanent mortgage loans, but there is no red tape.

Banks and mortgage lenders are often leery of construction loans for many reasons. One major issue is that you need to place a lot of trust in the builder. The bank or lender is lending money for something that is to be constructed, with the assumption that it will have a certain value when it is finished. If things go wrong, for instance, if the builder does a poor job or if property values fall, then it could turn out that the bank has made a bad investment and that the property isn’t worth as much as the loan. It can take months to get a bank to review your loan application, and you may not even be approved. Not with Expert Mortgage! We can get your application reviewed immediately and get the money to you within 5 to 7 days.

At Expert Mortgage, we take great pride in being able to offer innovative solutions to make our clients more productive and to ensure that their businesses are a huge success. With one of our carefully structured construction loans in Cambridge, our clients will be able to receive funds for every stage of their build process. The more complete your project becomes, the more money will become accessible to you. Typical advances of funds are listed below:

 

Lock-Up – 35% to 55% complete

Drywall – approximately 75% complete

Completion – 100% complete

 

If you are looking for construction loans in Cambridge, then you have come to the right place at Expert Mortgage! Schedule a call with us today at 1-844-397-3780 or click here to fill out our contact form.

WHAT PEOPLE ARE SAYING…

  • “I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.”

    KKP, HAMILTON
  • “I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Expert Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.”

    M.D, Mississauga, ON
  • “The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.”

    S.E. Orono, ON
  • “My pig farm always made good profit but last year was brutal for the whole industry. I fell behind on my mortgage. I showed FCC that my loss was just a temporary blip and asked them to give me some leeway but they started a foreclosure anyway. Thanks for getting me that private loan to buy me some time until I’m profitable again.”

    K.O., Hawkesbury, ON
  • “My ex-wife’s lawyer gave me 30 days to buy out her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you!”

    J.R. Burlington, ON
  • “We were 6 months behind on our mortgage and the Sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.”

    C.C., Oshawa, ON
  • “The bank refused to value my property based on all 211 acres. They said that their ‘rules’ limited it to 5 acres. Personally, I think that’s biased against farmers. I didn’t know that you had lenders who would value my property on all the acres. I finally got a large enough loan to tie all my debt into one payment. Thanks!”

    C.R., New Dundee, ON
  • “Every time I’d walk into a bank and say the word ‘farm’ the suit on the other side of the desk would look at me like I was from another planet! They had one agricultural ‘specialist’ for the area that was not much better. Then I went to 4 mortgage brokers before I stumbled on your company. Your rates were lower than the bank.”

    M.D., Bradford, ON
  • “Our credit was destroyed after we had a bad year. We needed to expand our facility. I explained to the bank that the expansion would make us profitable. I proved it on paper. They still declined us. I never heard of your ‘no questions asked’ private loans but you gave me $500,000 with no paperwork. That was a Godsend. My wife and I appreciate it from the bottom of our hearts and we won’t let you down.”

    R.Q., Woodville, ON
  • “Once again, a big thank you for arranging our new mortgage and being able to arrange for additional funds on closing. Matthew has worked hard for me over the last few years… I have a very high level of trust in Matthew and Expert Mortgage, and will surely recommend you to anyone I know who is in need. Thank You.”

    M.Z. Brantford, ON