Found your dream home before selling your current one? Bridge financing is the solution that keeps you moving.
In a competitive market, waiting to sell can mean missing out. Bridge financing is a short-term loan that covers your down payment until your current home's sale closes. It’s the ultimate tool for a seamless transition between properties.
✅ Why it’s a vital tool:
- Buy with confidence without a sale-of-property condition.
- Move into your new home before the old one closes.
- Avoid rushed decisions or low-ball offers on your current sale.
📋 Your Bridging Checklist:
- Firm Sale Agreement: Most lenders require a firm sale on your existing home before approving bridge funds.
- Timelines: Generally covers gaps between closing dates of up to 90 days.
- Cost: Interest is only charged for the specific days the loan is active, plus a standard administrative fee.
Don’t let timing stop your next move. I provide the clarity and strategy to ensure your transition is seamless and stress-free.
Amit Bhatnagar, Mortgage Agent Level 2
Phone: (437) 776-5148
Email: mortgagebyamit15@gmail.com
FSRA License 10530
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