Bridging The Gap Between Old And New Homes
If you are about to purchase a new home but still haven’t sold your current home and the bank won’t qualify you for two mortgages, a bridge loan is the perfect solution for you. Get a short term bridge loan to buy your dream home before it’s off the market, and pay out the loan once your old home is sold.
Bridge Loan Case Study:
One of our clients needed a larger home to accommodate their growing family, so they put an offer on a house before their condo was sold. The banks told the clients they did not qualify for two loans, but this new house was the perfect home for the clients – it was in a great location at a reasonable price. We quickly acquired bridge financing for the clients to buy their new home, and once their old condo was sold they got a mortgage from their bank to pay us out. The family likely would have missed out on buying their dream home if not for a timely bridge loan that we managed to obtain for them.