Loan for Pre-construction Condos
Hello Everyone,
I am a first time home buyer interested in buying a pre-construction condo. Normally every pre-construction condos have a deposit structure. For example,
$5,000 on signing
Balance to 5% in 30 days
5% in 180 days
5% in 450 days
5% on Occupancy
Is there a way i can get a loan from a bank that would help me meet this deposit structure? I have a good credit history/rating and very small debt
thanks
I am a first time home buyer interested in buying a pre-construction condo. Normally every pre-construction condos have a deposit structure. For example,
$5,000 on signing
Balance to 5% in 30 days
5% in 180 days
5% in 450 days
5% on Occupancy
Is there a way i can get a loan from a bank that would help me meet this deposit structure? I have a good credit history/rating and very small debt
thanks