Construction, self-employed

Diane and Tim required a construction mortgage of a 2,960 sq ft. two storey home in Ottawa, Ontario. Pillar will be paying out the 1st mortgage with First National and funds to complete the construction. They will have take-out financing in place with First National at completion. Tim  is self-employed in the construction industry with his NOA showing income of $59,000.00 and wife earns $48,000.00 a year. They both have decent credit history on all accounts. Pillar is the bridge to completing their dream home.