Get a mortgage and return the depositHave you purchased a pre-construction property? Is the closing coming in the next 2-3 months?
It is the perfect time to benefit from 100% Financing for Pre-Construction Mortgage*. IK Financial has access to a reputable partnered lender that offers an exciting and exclusive program for Pre-Construction buyers.
When choosing 100% Pre-construction Financing*, lender will take into consideration the current value of the property. This program allows a buyer to get not only the mortgage but potentially all the deposits that have been previously paid.
Perfect opportunity for InvestorsBy returning the deposit, a borrower opens up an opportunity to:
- Invest in another property;
- Pay off outstanding debts;
- Renovate own or investment property.
How Does it WORK?Let's take as an example the following case:
- Purchase price: $500,000
- Total Deposits: $100,000
- Current Property Value: $625,000
IK Financial may secure a mortgage of up to $500,000 and potentially get deposit back. This deposit may be used as an investment in another pre-construction purchase.
*This exclusive offer is subject to qualification, speak with IK Financial mortgage agent to learn more.
IK Financial Mortgage Team operates on behalf of Mortgage Edge. Lic#10680
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