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CTV News - Mortgage Minute April 2

For those thinking about building instead of buying an existing property, the mortgage process is very different.

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For some, the dream of home ownership doesn't include touring properties and scanning MLS. Instead, it's about finding the perfect lot, the right location and building a dream home from the ground up.

The building process is vastly different from the process of buying an existing property, and the financing process is different as well. Buyers will typically need more money down and will need to have more on hand to complete the process. To find out more about construction mortgages, talk to an Ottawa Mortgage Broker.