A Construction Draw Mortgage funds your home construction in stages, based on completed work.
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What is a Construction Draw Mortgage?
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How are draw amounts determined for a Construction Loan in Alberta?
Draws are based on project milestones and pre-agreed schedules to align with construction phases.
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What are the interest rates like for Construction Draw Mortgages?
Interest rates are competitive and reflective of market conditions and the specifics of your project.
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Can I choose my builder with a Construction Draw Mortgage in Alberta?
Yes, you have the freedom to choose your contractor, although they must meet lender approval.