Crossing the Bridge to Your New Home – Bridge Financing Canada
May 30, 2013
MonsterMortgage.ca Mortgage Expert Kristian Harris addresses a growing niche in today’s Canadian mortgage market – the bridge loan or bridge financing.
Often times home-owners may find that the closing date on the purchase of a new home doesn’t fall on the same date of the closing date on their current home. This can happen for a variety of reasons – some people may choose to renovate their new home while staying in their current one, others may find that their home of choice requires a quick closing date.
Whether you’ve planned for renovations, waiting to sell your current home or are jumping on an opportunity, traditional bridge financing may be the solution for you.