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CONSTRUCTION MORTGAGES
Commercial customers looking to build or remodel a commercial structure or investment property.
Benefits:
- Short term mortgage (6 months to 1 year) to build/remodel property
- A Construction/Permanent one closing mortgage is available which removes the hassle of reapplying for permanent financing
- Quick turn-around on advancing draw requests
- Payments can be made at a branch, by mail or by the web.
- Interest only payments for the term of Construction
- Interest Rate fixed or variable
- Monthly payment reminder notices
- Escrow account can be set-up
- See “Commercial Mortgage” for permanent mortgage repayment options
