Len Lane sits down with Leslie Kearns, a Broker Experience Specialist from Alberta Treasury Branch (ATB), to unpack the complexities of mortgage solutions for home construction. Whether you're building on a lot you already own or working with a builder, this conversation covers the key financing options available—from draw mortgages to completion mortgages. Leslie outlines the requirements for fixed-price contracts, the four draw stages in construction financing, and what clients should know about additional costs and new home warranties.

The episode also dives into modular and self-built homes, highlighting what lenders require when clients take on these types of projects. Leslie and Len discuss common challenges such as utility setup, delivery costs, and the need for private lenders in certain scenarios. Throughout the conversation, they emphasize the importance of proper planning, having sufficient equity and cash flow, and engaging experienced professionals to navigate the build. Whether you’re just considering a custom home or already own land, this episode is packed with insights to help you move forward with confidence.

About

Leslie Kearns is a broker experience specialist with Alberta Treasury Branch (ATB).

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Contact Leslie Kearns: 

• Website: atb.com