Construction financing for EVE Park is being provided by Desjardins. Desjardins also offers a Builder’s Mortgage, specifically for EVE Park buyers, with a feature that you are unlikely to find elsewhere: protection of your pre-approved mortgage interest rate all the way through until closing.[1]
What’s in this for you?
All upside.
Let’s say you get pre-approved at 2% and interest rates go up to 3% while you’re waiting for your new home to be completed and for you to move in. With the Builder’s Mortgage, your interest rate will still be 2% on the day you exchange money for keys.
Now let’s take the alternative scenario - let’s say interest rates go down to 1% over the same time period. In that case, now you have the opportunity to renegotiate a better rate with Desjardins, or take your business elsewhere. The direction of interest rates is a coin toss these days - but the beautiful thing with the Builder’s Mortgage is that however the coin lands - you win.
How do you take advantage of this financing package exclusively for EVE Park buyers?
It starts by getting in touch with one of the Desjardins lending team assigned to this project.
[1] Move-in at EVE Park is planned for Spring 2022. The term of the Builder’s Mortgage protected rate lasts up to three years from the date of financing pre-approval.
