Financing Solutions
Purchase plus improvements
- Incorporate cost of improvements into purchase price
- As little as 5% down payment on total price
- Funds for home released upon closing date and improvement funds released on completion (90 days)
Refinance
- Withdraw equity up to 80% of your current house value
- Funds available immediately upon completion of the mortgage at the lawyers
- Take advantage of current mortgage rates
Refinance plus improvements
- Withdraw equity up to 80% of the improved value
- Receive 80% of the ‘as is’ value and final portion upon completion (90 days)
- Take advantage of current mortgage rates
Home Equity Line of Credit
- Can be registered as a first or second mortgage
- Interest only payments
- Fully open for prepayment
Construction Mortgage
- Funds will be released at various stages of construction and inspections
- 95% financing on a purchase; 80% financing on an existing home
- Mortgage rate to be set according to Lender’s policy
Through pre-established relationships with two local lenders Little House can suggest financing options to suit your lifestyle: