Bridge financing allows individuals to purchase a property and covers any shortfall in funds that are delayed from another sale. This loan is short–term and is used when the closing date of your new property takes place before the closing date of your old property – where you were relying on the funds to purchase the new property. The loan will cover the full costs that you’re short on for the transaction to close.
Interest rates start at 4% and the status of sale with length of term are taken into consideration. We work with you and ensure your bridge financing loan will be approved and funded on time.
Connect with us today, we’ll assess your overall needs and provide the best mortgage solution.
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