Mortgage Broker

Construction Mortgages in London, Ontario

Build Your Dream Home With a Trusted Mortgage Broker in London, Ontario

Building a custom home or completing a major renovation requires more than just a vision — it requires the right financing strategy from the beginning. Construction mortgages are designed to fund your project in stages, helping ensure you have access to capital as construction progresses.

Mike Boniferro is a trusted Mortgage Broker in London, Ontario helping homeowners, builders, and buyers secure construction mortgage solutions tailored to their project goals, timeline, and budget. Whether you’re building a new custom home, renovating extensively, or constructing an investment property, you’ll receive personalized mortgage guidance designed to simplify the process.

What You Can Expect

5.0

on Google From 85+ Reviews

90+

Lender Options

2018

Licensed Since

A process built around communication, speed and service

Why Homeowners in London, Ontario Work With Mike Boniferro Mortgage Broker

Construction financing involves more moving parts than a traditional mortgage. Working with an experienced Mortgage Broker helps ensure your financing structure supports your construction timeline, budget, and long-term goals.

Mike Boniferro helps borrowers across London, Ontario navigate construction mortgage requirements clearly while coordinating financing solutions tailored to their project.

Knowledgeable Mortgage Guidance

Years of mortgage experience and access to multiple lenders help create financing strategies designed around your construction project.

Responsive & Accessible Support

Construction projects move quickly. Clear communication and fast responses help keep financing organized throughout the process.

Flexible Financing Solutions

Construction mortgages can be customized around your project type, budget, timeline, and builder requirements.

Friendly & Supportive Process

You’ll receive honest guidance and personalized support from start to finish.

What Is a Construction Mortgage?

A construction mortgage is designed to finance the building or major renovation of a property. Instead of receiving all funds upfront, construction financing is typically released in stages as the project progresses.

Mike Boniferro helps buyers across London, ON understand construction mortgage structures clearly so they can plan their projects with confidence.

Stage-Based Funding

Funds are released gradually during different construction milestones rather than as one lump sum.

Flexible Financing Structures

Construction mortgage solutions can be tailored for custom homes, large renovations, additions, or investment builds.

Interest-Only Payment Flexibility

During construction, many borrowers only make payments on the funds already advanced.

Features of Construction Mortgages in London, Ontario

Construction financing offers flexibility designed specifically for building projects and renovation timelines.

Customized Construction Financing

Mortgage solutions are structured around your specific construction plans, budget, and property goals.

Flexible Draw Schedules

Funds are released in stages as construction progresses, helping manage project cash flow efficiently.

Interest-Only Payment Options

Some construction financing products allow interest-only payments during the building phase to reduce short-term financial pressure.

Renovation & New Build Financing

Construction mortgages may be used for custom home builds, additions, major renovations, or redevelopment projects.

Construction Mortgage Solutions for Different Building Projects

Construction financing can support a variety of residential building and renovation goals.

Construction Mortgage Process With a London, Ontario Mortgage Broker

Construction financing should feel organized, transparent, and manageable from the beginning.

Free Construction Mortgage Consultation

We discuss your building plans, budget, timeline, contractor information, and financing goals to determine the best mortgage strategy for your project.

Project Review & Financing Structure

Construction plans, builder details, project costs, and timelines are reviewed carefully while structuring your mortgage approval and draw schedule.

Mortgage Approval & Stage Funding

Your construction mortgage is approved and funds are released gradually throughout key stages of the building process as construction milestones are completed.

Complete Construction & Transition

Once construction is complete, your mortgage transitions into standard mortgage repayment while you move into your finished home or completed property.

Speak With a Mortgage Broker in London, Ontario About Construction Financing

A quick consultation can help you better understand construction mortgage options, project financing structures, and the best strategy for your build.

Mortgage Calculator

Canadian Mortgage Calculator

Work With a Local Mortgage Broker Who Understands Construction Financing in London, Ontario

Construction mortgages require careful planning, coordination, and lender expertise. As a local Mortgage Broker in London, Ontario, Mike Boniferro helps borrowers navigate construction financing confidently while minimizing unnecessary stress.

Transparent communicationClear explanations without confusing financial language.
Fast responses when timing mattersQuestions answered quickly so you can move confidently.
Local Ontario market understandingSupport tailored to real buyers in London and surrounding areas.

Real Stories From Home Buyers

Trust matters when you’re making one of the biggest financial decisions of your life.

Posted on Google Google
Mary Mary profile picture
Mary Mary
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Amazing experience! Very professional, helpful, and knowledgeable throughout the entire process. Made everything smooth and stress-free. Highly recommend!

Owner's reply
Mary, we appreciate you sharing this wonderful feedback. We are glad our team's professionalism and knowledge kept the process smooth and stress-free. Your recommendation means a lot, and we hope to assist you again in the future.
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Victoria Wernham profile picture
Victoria Wernham
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I would highly recommend Mike after our experience financing a rental property. Mike was quick to respond to our inquiries, got us the best rate available and made helpful suggestions on improving the property. The experience was seamless from start to finish.

Owner's reply
Thank you Victoria, It was great to help you with this amazing investment you made! I'm so glad it worked out as well as it did.
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kyle smith profile picture
kyle smith
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Very attentive and responsive. Even when our business needs didn’t require his service he reached out and ensured we got the best rate. We recommend his services to a friend and they were able to find their dream home with his help.

Owner's reply
Kyle, thank you for the kind review. We’re glad we could stay proactive and help secure the best rate for you even when our services weren’t required. Hearing that your friend found their dream home with our assistance is fantastic. We value your referral and look forward to helping again.
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Mitchell Irwin profile picture
Mitchell Irwin
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We friendly and personable! Answered all our questions no matter what they were or how often we asked lol very knowledgeable and was able to get an even better deal then we hoped! We have recommended Mike to everyone we know and continue to use his help today!

Owner's reply
Mitch, thank you for the wonderful review. It means so much to hear that you were happy with the service, and your mortgage! I appreciate your support and look forward to working with you again!
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Umid Rasheed profile picture
Umid Rasheed
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Best mortgage broker ever. I recommend every one to deal with him he get you best rate and best deal. Thanks you Mike

Owner's reply
Thanks Umid, I appreciate your support and business over the years!
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William Sercombe profile picture
William Sercombe
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great service .. no hitches

Owner's reply
William, we’re thrilled to hear you experienced great service with no hitches. That feedback really encourages our team to maintain high standards. We look forward to serving you again.
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Lucas Deveaux profile picture
Lucas Deveaux
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The best around!

Owner's reply
Lucas, thank you! The feeling is mutual! I appreciate your support 😊
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Nedal profile picture
Nedal
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Working with Mike made the entire mortgage process incredibly easy and stress-free. From our very first conversation, he was exceptionally helpful and always responded quickly to my questions, no matter how small. Mike truly cares about the details, ensuring everything was handled accurately and efficiently from start to finish. I highly appreciate his dedication and prompt communication, and I would recommend his services to anyone looking for a seamless mortgage experience.

Owner's reply
Nedal, thank you for your review and recommendations. I am grateful to have the opportunity to work with you!
Posted on Google Google
mehak mundra profile picture
mehak mundra
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Great experience with Mike. he is a. professional, helpful, and easy to work with. He made the whole process simple and stress-free. Highly recommended!

Owner's reply
Thank you so much, Mac! Congratulations on the new home, and I look forward to supporting you with future mortgages!
Posted on Google Google
Nigel Mahabir profile picture
Nigel Mahabir
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I’ve had such a great experience working with Mike Boniferro over the years. He has helped me with everything from my new construction mortgage and refinancing to financing a new business opportunity, and I’m incredibly grateful for the support he has given me through each step. Mike genuinely takes the time to understand what you’re trying to accomplish, whether it’s personal or business related. He explains your options clearly, answers every question, and works hard to find financing that makes sense for your situation. He’s responsive, honest, patient, and always makes you feel like he truly has your best interests in mind. Having someone you can truly trust when making some of life’s biggest financial decisions is incredibly important, and Mike has been that person for me. He’s been there through some exciting and important chapters in my life, and his guidance and support have meant more to me than I can say. I’m genuinely thankful to have had Mike in my corner through it all, and I wouldn’t hesitate for a second to recommend him to my family, friends, or anyone looking for someone who will truly care about their goals and help make them happen. Thanks, Mike, for always going above and beyond and for being someone I know I can count on. I truly appreciate everything you’ve done for me!

Owner's reply
Thanks Nigel, the feeling is mutual. I'm so happy for you and your family, and wish you all the best with the new business and construction ventures!

Trusted Mortgage Guidance

Competitive Lending Options

Personalized Mortgage Solutions

Client-First Approach

Mortgage Broker Services Across London, Ontario & Surrounding Communities

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Speak With a Mortgage Broker in London, Ontario Today

A short conversation can help you understand your options, reduce uncertainty, and create a mortgage plan that fits your life.

Local Mortgage Broker in London, Ontario

Frequently Asked Questions About Construction Mortgages

Mike Boniferro
Mortgage Broker
Originator Licence #M18001301

DLC Elite Mortgage Group
Independently Owned and Operated