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From: Christo01 (Rep: 0)Date: 2017-11-14 01:06:36
Forum: Casual Lounge - Thread #673965956Msg #774 - Part 1/1 (Rec: 0)

I am working in a firm in Ottawa. It's my dream to own a home. For years, I have saved money for my dream home. But, the amount is not enough to buy a home. So, I am planning to take a mortgage.

But, now I am pretty confused whether to take a home mortgage or a construction mortgage. If I prefer the first, there would not be any risk of construction and related troubles. But, if it is the second, I could construct the home according to my plans.

So, both are helpful for me. But, I want to choose the one which is less risky. So, I searched a lot on the internet to find the best solution and came across some brokers offering home mortgages as well as construction mortgages in Canada ( ).

Before taking a decision, I want to hear from the experienced ones. Which do you think to be the better one? Kindly let me know your ideas and suggestions at the earliest. Thanks in advance!

NOTE: This message was originally posted on 2017-11-14 00:19:20 by the Christo01.

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