Owning your own home is a common dream for many people across the country.
Millions of Canadians work towards this lofty goal over the course of their lives and careers, often using banks or large financial institutions to secure a traditional mortgage. This is a familiar story. Once the interest rate and conditions are set, homeowners pay off their mortgage on a regular schedule, slowly building equity until they own the home outright.
There are, however, many aspiring homeowners who have a different dream. Instead of simply purchasing a house, some people dream of building one themselves! After all, it’s an exciting proposition. If you could, why not design and build your home exactly the way you want it?
For those that are interested in building their dream home, read on to learn a little bit more about how new construction loans work. When it comes to construction loans, Ontario and Toronto residents have discovered that Tribecca Finance is a great place to get the funds they need.