BRIDGE FINANCING

Want to sell your home and take possession of your new home prior to the close of your sale? Bridge financing is a temporary loan that bridges the gap between the two by tapping into the equity you have in your current residence for a down payment. You must have a firm sale on your existing home and we can arrange a loan for your down payment to purchase on the strength of your firm sale agreement. The maximum amount of your bridge financing will be your sale proceeds and bridge financing will allow you to use these funds for your down payment to proceed with purchase. The loan for the bridge financing is paid from your sale proceeds by your lawyer when it closes.  Fees are applicable.