Rural & Construction Mortgage

Rural mortgage lending.

Rural max loan to value up to 65%

Agricultural max loan to value up to 60%

Urban max loan to value up to 70%

Waterfront loan to value up to 65%

Term; 1 or 2 years

Payment; PIT payments

AM; 40 years

Rate on average; 8-10.5% -subject to review of course

Summary of Construction highlights:

Max mortgage up to 80% of completed value

Up to 65% advance on raw land value at registration

No draw schedule or limits on # of draws

Fully open for repayment with no penalty