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I currently live in Edmonton, Alberta. My wife and I are looking to self-contract the construction of our new house this summer. The plan is that I will act as the general contractor to oversee the build. We have already purchased a 0.4 acre walkout lot in Leduc County, Alberta. Does TD offer owner-builder mortgages (Construction mortgage)? What are our options? What are the requirements? How do the draws work? What rates are we looking at?
March 5, 2015 12:52:18 PM
Borrowing & Managing Your Credit
In reply to Shaun, Edmonton
Great seeing you here on TD Helps, Shaun!
We're always happy to help our friends from across the border. Since you've reached us here in the U.S., we welcome you to look here: http://bit.ly/1Eq4Rz7 at a similar answer provided by our friends at TD Canada Trust for a bit more information to get you started. You're always welcome to reply there with your additional questions, or post a new question here: http://bit.ly/1kD3iFr. TD Canada Trust can also be reached using any of these convenient ways: http://bit.ly/1woOVay.
We hope this helps and best of luck with your new home, Shaun!
Kristen P, Mount Laurel
March 5, 2015 12:57:13 PM