Asim, You are not only a colleague of Dominion Lending but also a very close and trusted advisor. Your guidance throughout our mortgage process was invaluable.
Building a home in BC? Our experts specialize in construction mortgages in BC. We secure the financing you need from start to finish. Get your project funded.
Managing a construction project is a full-time job. You shouldn’t have to worry about managing the financing, too. Our service is designed to handle every financial detail of your construction mortgage in BC, from the initial approval to the final draw.
We coordinate with appraisers and lenders so you can focus on the build. To get an expert on your team to manage the money, contact us today.
This type of loan is perfect for anyone who is creating a new home or doing a major renovation, instead of buying a house that’s already built.
Custom Home Builders
You have found the perfect piece of land and have a unique design for your dream home. We help you get the new home construction loans you need. Understanding your budget from the start is key, whether you have a $50k salary or are planning a large estate.
General Contractors and Developers
As a professional builder, you need a steady flow of money to keep your projects moving. We arrange reliable construction loans in BC and builders’ mortgage solutions to make sure your projects stay on schedule, including financing for larger-scale projects like a commercial mortgage in Surrey.
Major Renovations or Teardowns
If your project involves tearing down an old house to build a new one, you will need this type of financing. It also applies to very large renovations that change the structure of the home.
At Asim Ali, we arrange the right financing to match your exact project. As expert new construction lenders, we offer a full range of solutions.
This is the most common option for custom home builds. The lender gives you money at key stages of completion, like when the foundation is done or the framing is up. We manage this draw schedule to ensure you get your money right when you need it.
This is perfect if you are buying a brand-new home directly from a builder. The financing is set up and then finalized once the home is 100% finished and you are ready to move in.
We provide builders’ mortgage options for developers who need the money to fund the entire building process of a home they plan to sell later.
This is a special loan for clients who are acting as their own general contractor. This requires a specific type of lender who is comfortable with self-build projects, and we know exactly who to work with.
If your project is a major renovation or a large addition to your home, we can secure the financing to cover the cost of all the work. Our team can advise on these and many other mortgage services.
A construction mortgage in BC has many moving parts. Our deep experience means we know how to avoid problems and set up your loan for success from day one.
Most big banks in British Columbia have very strict rules for construction projects. We have direct access to a wide range of lenders who specialize in this field and understand the needs of builders.
We don’t just get you the construction loan; we plan for what comes next. Once your build is complete, we help you transition into the best long-term mortgage to save you money for years to come.
What our Happy Clients have to say
Asim, You are not only a colleague of Dominion Lending but also a very close and trusted advisor. Your guidance throughout our mortgage process was invaluable.
I consider Asim a thorough professional in his field. His expertise, professionalism, and dedication to finding the best mortgage solution were outstanding.
Asim and his team is the best! Very professional and always there to provide guidance. They made the entire mortgage process seamless and stress-free.
Asim is absolutely wonderful. He's very competent, knowledgeable and went above and beyond to help us secure the best rate for our home.
Asim assisted us with our very first mortgage. He answered all our questions patiently and made sure we were comfortable with every step of the process.
Asim Ali is very diligent and has the ability to complete complex mortgage applications effortlessly. Highly recommended for anyone seeking expert advice.
Asim is fabulous. He is professional, knowledgeable and well experienced. We felt completely supported from start to finish. Will definitely recommend!
Asim is very professional in his services and a very nice person to work with. He truly understands your needs and gets the best possible deal for you.
Asim and His team are amazing, professional and confident. Me and my family are so happy with the service. We highly recommend Asim to everyone!
Asim was professional and great to work with, he took the time to answer all my questions and found me the best rate available. Will use again!
My partner and I had the wonderful opportunity to work with Roopam. He made sure we understood the entire process and the mortgage was secured. Highly recommend!
Asim and his team provided exceptional support and guidance throughout the entire mortgage application process. Their expertise made the experience smooth and hassle-free.
Just like your home needs a solid concrete foundation, your project needs a strong financial one. We specialize in creating that foundation. We structure your construction mortgage in BC to be secure, reliable, and perfectly aligned with your build schedule, ensuring your project’s success from day one. We can even help you plan your final payments using a mortgage refinance calculator.
Here are a few common questions we get about construction financing.
Construction mortgage rates are usually a bit higher than traditional mortgages while you are building. Once the home is complete, we transition you into a great long-term fixed mortgage rate.
This can depend on your project, but you will generally need a down payment of at least 20-25% of the total cost of the project (which includes the land and the cost to build).
You get your money through a “draw schedule.” At each major stage, an appraiser visits the site to confirm that the work is done. Once it’s verified, the lender releases the next portion of money to you.
Connect with the best mortgage broker in Surrey. Get expert advice, competitive rates, and customized solutions. Contact us now.