Building a Home


If you’ve ever thought about building your own home, talking to Ravi is the first step. Imagine the many advantages of being able to design and build a home that is perfect for you! Ravi can help you navigate the somewhat more complex process of getting financing.

Getting a mortgage for a home that is being constructed from the ground up, is different than a traditional mortgage for an existing home. The reason for this is that the collateral, or loan guarantee for the lender, is primarily the home itself. Therefore, lending you hundreds of thousands of dollars before the home or collateral exists, is a very high risk for the lender.
But never fear! As Ravi says, be open to new possibilities! You can get a loan to build your dream home, and we can help.

The major differences between a building-a-home and buying-a-home loans are that you will likely require more of your own capital (similar to a down payment) and, when you are building, the lender only provides funding at intervals, based on how much of the home is built. For example, the first installment of money is loaned when the exterior is complete, allowing the doors to be closed and locked (called “lock up”); the second installment when only finishing remains; and the final installment when construction is complete.

At each phase, an independent inspection and appraisal are required to assure the lender that collateral value exists. That’s why it’s critical that you structure your agreement with the builder for your payments to them, to coincide with the loan installments.

Because of the additional risk, getting a building or construction loan is more complicated and requires additional documents and verifications, but we’ll walk you through every step and get you the best interest rate possible.

Take the first step by calling Ravi right now!

Mortgage Testimonials

Helped Me Buying My First Condo

Ravi was an angel to me. It was my first time buying a property and i didn't know anything, but Ravi patiently answered my million questions and guided me through out the whole process. He got my mortgage approved in 2 days and i moved in to my new condo in less than 3 weeks. I'm grateful for all his support and now im happily enjoying my beautiful condo with my family. I highly recommend his services to all my friends

Surrey BC
Honest and Dedicated Business Professional

Being in the insurance industry for over 17 years, I have rarely seen such a high success rate for approved mortgages.

 Sonny Saran
Great To Work With

I found Ravi Singh to be a very pleasant and professional person to handle my mortgage needs. I highly recommend him to all my family and friends! Thanks again!!

Surrey BC
Commitment to Service Excellence

As an accountant i've referred many of my clients to Ravi Singh because I am confident they will be in good hands. Thanks for your hard work and commitment to service excellence.

 Nijjar Accounting
Surrey BC
The Best In The Business

I can't thank Ravi enough for helping me get a 2nd mortgage when the banks weren't able to. He updated me with how things were going, so that was great on his part. He is best in the business. Definitely give Ravi a call if you need help with mortgages! Thanks Ravi!

 Ramesh Sharma
If he can't do it no one can

Being a self employed it has always been a challenge getting my mortgages approved through my bank. But luckily couple of years ago my realtor referred me to Ravi, and so far i've got 3 mortgages through Ravi. Surprisingly every single time Ravi finds a ways to get my mortgages approved. You are the MAN!!!

Mission BC
Got us a Mortgage Despite bad Credit

When all the banks were turning us away due to poor credit, Ravi worked his magic to get us approved as well as helped us in re-building our credit! We are forever grateful for his efforts and his hard work to get us the answer we wanted.

 Gary D
Great Service!

Great Service. I can always rely on Ravi to provide me with trusted advice and solution to all my mortgage needs. He's been my mortgage advisor for almost 10 years now.

Helped me pay off my CRA taxes

I would like to give a huge thanks to Ravi for helping me refinance my mortgage to payoff my CRA taxes. I will definitely be calling Ravi in the future for any of my mortgage needs and would recommend him without hesitation.


Your Mortgage Source
35639 Eagle View Place
Abbotsford, BC, V3G 0C8
Main Level

Contact Us

Mon - Fri 7am - 5pm
Sat 7am - 3pm
Sun Closed

Phone: 604-556-9524